When the competition heats up and there are several offers on the property you are interested in, what can Las Vegas Home buyers do to have their offer accepted?
Asking for the seller to pay the buyers closing costs won't make your offer go to the top of the pile for consideration by the Las Vegas homeowners/sellers or their agents reviewing their sellers offers.
A lot of offers today are sent in via email. Some of the offers presented are made without the agent or their home buyer ever physically viewing the property prior to making their offer. If the property is in need of repairs, a buyers offer, sight unseen may cancel after acceptance if they weren't made aware of the concerns their agent would have been privy to had they at least viewed the property for their buyer before making the offer.
A buyer recently asked me to write up an offer on their behalf for one of my sellers properties. During the conversation she disclosed to me that just last week they wrote up an offer subject to inspection, had not seen the property prior to submitting an offer, and when their offer was accepted, they went to see the property and then cancelled their offer. Perhaps not the best suited buyer for properties in need of repair.
I didn't suggest their offer as a solid one for my sellers considration just for that reason.
I actually have driven to another part of Nevada to personally deliver my buyers offer with my buyers proof of funds in hand. It was a very nice drive I remember and the local real estate brokerage serving this community was the only one in town. I sat in front of the listing agent who listened to my reasons why her seller/homeowner should accept my cash buyers offer. She thanked me for driving in and bringing my buyers strong cash offer and said she would get back to me later. I thought it was hopeless. Many offers I had written prior for my buyer had been overlooked for no apparent reason. He was paying cash and the comps indicated we needed to bid up to get his offer accepted. To my surprise a few days later I received a call from the sellers listing office. She said: "My Buyers offer was ACCEPED!" Wow...It only took $60 in gas to get one accepted offer for my buyer. He was my first buyer. I was thrilled for him and we closed this transaction in 14 days. He turned it into an investment rental that has since tripled in value as it was purchased just as the Las Vegas housing market hit the bottom.
Many agents today have never presented an offer directly to the listing agent or seller and though this request may be dismissed, it is a great opportunity to connect real people to a real offer and make an impression! If this tactic is not available to you then write a cover letter to the sellers and have it be the fiirst page (cover letter) to your offer. Again, you want to make an impression to the sellers and hopefully make a connect or find something in common with them that will make your offer stand out!
Many buyers now will also decide to do "pre-inspections" of properties and make an offer with no inspection contingencies. Sellers want to know they have a strong offer that will stay together. If you can knock this issue out before you make your offer the seller will appreciate this and know you're putting your money where your mouth is.
I recently wrote up an offer for another one of my buyers for my sellers home waiving inspections as they had done that the day of the viewing with $50K emd and ready to close in 5 days. That's a strong offer that noone can refuse. Heck you don't even need a horses head placed in their bed when they wake up to influence the sellers to accept that offer. That's a no brainer.