4 ms·

I just bought and sold a house in a very hot market. The things that people are doing right now to stand out in my market were, - Get pre-approved. - Write a

I just bought and sold a house in a very hot market. The things that people are doing right now to stand out in my market were, - Get pre-approved. - Write a personalized letter why they should get the home. - Offer above list price and be willing to pay above appraisal (part of your offer). - Put your offer in right away. Most people who viewed my home put in an offer within a few hours of seeing it. - Forgo an inspection to get a faster close date. - Pay cash if you can. - Buy new construction, we bought new construction and didn't have to compete with anyone. It costs a little more up front, similar to a new car I imagine, but we plan on staying >10 years if we can help it. As long as you are financially secure I wouldn't wait for a better market. IMO it doesn't matter if the market is high or low, it only really matters if you leave the market.

almost_usual 5y ago
> Write a personalized letter why they should get the home. In CA realtors are trying to push back on this. They claim fair housing law risk. I don’t see any risk though if you’re the first offer.
- lolinder 5y ago
  Right now you're almost certainly not the first offer, and even if you are, they'll have 5+ more by the end of the day. This means that your letter could theoretically be the deciding factor in which offer they pick, which does have the potential to run against fair housing laws.
  - deleted 5y ago
    [deleted]
- mariojv 5y ago
  Yes, my realtor asked me to write a letter pre-COVID when housing was less of a seller's market, and we refused. We're a gay couple and didn't want that biasing our seller.
robotron 5y ago
> we bought new construction and didn't have to compete with anyone In my market this isn't the case. Some builders are having literal blind auctions on small lot starter homes - after the X months wait list gets you there.

almost_usual 5y ago

> Write a personalized letter why they should get the home. In CA realtors are trying to push back on this. They claim fair housing law risk. I don’t see any risk though if you’re the first offer.

lolinder 5y ago
Right now you're almost certainly not the first offer, and even if you are, they'll have 5+ more by the end of the day. This means that your letter could theoretically be the deciding factor in which offer they pick, which does have the potential to run against fair housing laws.
- deleted 5y ago
  [deleted]
mariojv 5y ago
Yes, my realtor asked me to write a letter pre-COVID when housing was less of a seller's market, and we refused. We're a gay couple and didn't want that biasing our seller.

robotron 5y ago

> we bought new construction and didn't have to compete with anyone In my market this isn't the case. Some builders are having literal blind auctions on small lot starter homes - after the X months wait list gets you there.