Real Estate Today Winning Offers for Home Buyers and Sellers
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Feb 21, 2025 Jeffrey Fagan, a seasoned REALTOR® and regional vice president at Watson Realty Corp., dives into the crucial role of appraisals in real estate. He reveals how sellers can maximize their home's appraisal value and discusses the advantages of pre-listing appraisals. The conversation also touches on strategies for buyers to make their offers more competitive in today’s market. Additionally, design expert Melissa Dittmann Tracey weighs in on kitchen trends, debating the popularity of black countertops versus traditional wood flooring.
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Pre-Approval Power
- Get pre-approved by a lender before making an offer on a home.
- A lender letter strengthens an offer, especially in competitive markets.
Winning Offer Strategies
- Offer over list price if possible and minimize contingencies.
- Covering your own closing costs makes an offer stand out.
Earnest Money's Role
- Earnest money shows good faith, but a well-structured offer matters more.
- A large earnest money deposit alone won't guarantee a winning offer.