All houses are not created equal. In fact, it can take an awful long time to come across one that ticks all your boxes, and even if you do, there’s no guarantee someone won’t beat you to it.
If you’ve spent weeks scouring Cincinnati houses for sale in search of the property of your dreams, only to find yourself in the midst of a bidding war when you finally find it, don’t lose hope though. With a little ingenuity, you can muscle your way to the front of the line.
Go Big or Go Home(less)
The surest way to make sure your dream house doesn’t end up in the hands of some stranger is also the most obvious way. All you have to do is offer more money than anyone else. Of course, that can be easier said than done when you’re working with a strict budget.
In some cases, you simply won’t have the resources to outbid your competitors. If your desire for a discount is holding you back, though, here’s something to keep in mind: paying a little more for the house you want is still a better deal than paying nothing for no house at all.
Money Talks, BS Walks
Maybe you can’t afford to outbid the other buyers. That doesn’t mean you can’t entice the seller in other ways. Offering to make your payment in cold, hard cash is a big one. When real estate experts say “cash is king,” they’re not joking around!
Cash offers tend to make sellers’ ears perk up for a couple of different reasons. First, they show that you’re serious about making a purchase and aren’t just wasting their time. Second, it means they get paid quickly and in full without having to worry about bad checks or bungled bank negotiations. No muss, no fuss.
Dealing with the complexities of mortgage agreements and other non-cash financial offers isn’t the only inconvenience property sellers have to deal with. Another one is the obligatory home inspection, wherein a buyer can actually back out the sale if the inspection finds issues they consider deal-breakers.
If you’re feeling confident about the state of the house you’re buying, or maybe don’t mind putting some work into a fixer-upper, you might consider waiving your right to a home inspection entirely. This reassures the seller that the sale will go through, thus making them more likely to favor your bid.