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Page 14E — Real Estate & Home Builders Guide — January 2016 Make ’em an offer they can’t refuse By Metro Creative connection B uying a home can be very compet- itive. A well-maintained property with all of the bells and whistles WKDWWRGD\¶VEX\HUVGHPDQG¿JXUHV to attract many offers, and buyers who have found their dream homes must be prepared to make an offer that sellers can’t refuse. Standing out in a sea of other potential home buyers is not always so easy, but there are steps buyers can take to ensure their offer is the one sellers ultimately accept. Get preapproved for a mortgage. Sellers’ patience may wear thin with buyers who are not preapproved for a mortgage when making their offers. Preapproval can speed up the selling process, as buyers won’t need to secure financing afterward. When sellers receive multiple offers on their homes, they are more likely to sell their homes to buyers whose financing is already lined up as opposed to buyers who have to scramble to secure loans. Establish a strong rapport with the sellers. It’s not uncommon for home- owners to develop emotional attachments to their homes, and buyers should keep that in mind when viewing a home and negotiating their purchase. Sellers won’t want to hear about how ugly a home is or how much money buyers will have to spend to bring the home up to their standards. While buyers must weigh such variables when making their offers, keep it as cordial as possible and avoid any LQÀDPPDWRU\ UHPDUNV GXULQJ the negotiation process. Sellers may be more likely to accept a lower offer from a buyer they like than a higher offer from someone they don’t like. Don’t delay an inspection. When a SURSHUW\ LV GUDZLQJ VLJQL¿FDQW LQWHUHVW buyers can set their offers apart from the rest by arranging for a near-immediate inspection. Some buyers may want sellers to give them a couple of weeks to arrange for an inspection, and that may irritate sellers who want to sell their homes as Free Estimates • • • • New Wells • Downhole Camera Domestic Service Irrigation • Quality Work at Repairs Competitive Prices 1-800-953-3681 Pendleton - 541-276-3681 Her miston - 541-567-3088 Milton Fr eewater - 541-938-5135 OR LIC. 1881 UMA RES LIC. 07-01 WA LIC. #3213 Locally Owned Serving all of Eastern Oregon Since 1972 Ǹɉɉɴ8ȐɬdȐǸɑ ȘɑɄȹ DP GENERAL CONSTRUCTION quickly as possible. Have an inspector ready to perform an inspection within days of making your offer. Include an escalation clause. When making an offer on a home, prospective buyers can include an escalation clause. Such a clause acknowl- edges that a potential buyer is willing to increase his or her initial offer by a predetermined amount to exceed any bids that are higher than that initial offer. When sellers trigger such clauses, they are often required to show the other offers they received that triggered the esca- lation clause. Escalation clauses show the sellers you really want the house while keeping potential buyers’ hopes of buying the home alive when the bids are compet- itive. 3URVSHFWLYH KRPH EX\HUV PD\ ¿QG themselves in some stiff competition upon ¿QGLQJWKHLUGUHDPKRPHV%XWDIHZVLPSOH strategies can make their offers stand out and increase their chances of buying their ideal homes. Damion, Erika, Degan, Ethan & Oley Patton Damion Patton All phases of new construction and remodels CCB 130362 &D\XVH5G 3 HQGOHWRQ25 dppatton1@hotmail.com (541) 969 - 9984 JANUARY 2016, Volume 33, Number 1 (DVWHUQ2UHJRQ5HDO(VWDWH+RPH%XLOGHUV*XLGH is published monthly by the East Oregonian Publishing Company, 211 SE Byers, Pendleton, Oregon 97801. Subscription rates are $16 for 12 issues. Third-class postage paid at Pendleton, Oregon. For subscription service questions, call (541) 278-2670 or 1-800-987-7511 or write Eastern Oregon Real Estate & Home Builders Guide, 211 SE Byers, Pendleton, Oregon 97801. All real estate advertising in this paper is subject to the Federal Fair Housing Act of 1968 which makes it illegal to advertise “any preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status or national origin, or an intention to make any such preference, limitation or discrimination.” This paper will not knowingly accept any advertising for real estate which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this paper are available on an equal opportunity basis. The information in this paper is deemed to be correct but not guaranteed. All properties or information contained in this paper are subject to prior change, modification, sale, or withdrawal from the market. © Copyright 1998 East Oregonian Publishing Company. All rights reserved.
