When purchasing a home, it’s important to consider how you appear to the seller. Today, I’ve got six things that can scare off sellers during the transaction.
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As a buyer, there are a number of things you can do that will scare sellers:
- Not providing a pre-approval. This will definitely create a sense of unease when you present your offer. Having a pre-approval ready shows that you are a serious, qualified buyer. If the seller is looking at multiple offers, yours will have a hard time competing if it comes without a pre-approval.
- Having too many contingencies. The sale of a home is already contingent upon a number of items, such as appraisals and inspections. If your offer tacks on too many additional contingencies, it will be much less appealing to a seller. The fewer contingencies, the better.
- Having a long list of home repairs. Save the items you want fixed for the inspection period. Don’t announce everything you’d like resolved during your initial walkthrough.
When you go and write an offer on a property, you’re offering to buy the home—not the items within it.
- Having a shady lender. If you’re working with an out-of-state lender or a lending company no one has heard of, this will send up red flags for the seller. Instead, have your agent recommend a lender they know and trust.
- Red flags about your financial status. Before you make your offer, you should raise your credit score and take care of any other issues that could get in the way of your pre-approval.
- Requesting personal items in the home. When you go and write an offer on a property, you’re offering to buy the home—not the items within it. Keep this in mind when deciding on a price. Try not to worry about the couch or pool table that caught your eye inside the home.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.