Summer is one of the busiest times of year for the real estate market—and for good reason! The weather is ideal, school’s out, and buyers are eager to settle into a new home before fall. But with so many people actively searching, it’s important to make sure your offer stands out in a competitive crowd.
Whether you’re a first-time buyer or returning to the market, these five factors could make all the difference between landing your dream home or missing out.
1. Your Pre-Approval Letter
Make it: Before you start touring homes, get pre-approved by a reputable lender. A pre-approval letter shows sellers you’re a serious buyer with financing already lined up—and that you’re ready to move quickly.
Break it: Submitting an offer without pre-approval could cause sellers to move on to the next buyer. In a fast-paced summer market, hesitation can cost you.
2. Your Offer Price
Make it: In a competitive market, coming in with a strong offer—especially if the home is newly listed—can put you ahead. Your agent will help you analyze the local market and determine the right price strategy.
Break it: Going in too low might save you money in theory, but in practice, it could knock you out of the running entirely. Sellers are often looking for clean, fair offers with minimal back-and-forth.
3. Contingencies (or Lack Thereof)
Make it: While some contingencies (like inspections) are important for protecting yourself, keeping your offer clean and simple can be a major advantage. Waiving minor contingencies—or offering flexibility on closing timelines—can appeal to sellers.
Break it: Too many contingencies can complicate the process and make your offer feel risky. In a multiple-offer situation, sellers may lean toward buyers with fewer strings attached.
4. Your Earnest Money Deposit
Make it: A larger earnest money deposit (aka “good faith” deposit) shows that you’re committed to the purchase. It gives the seller confidence that you’re not likely to walk away without cause.
Break it: A low deposit might make your offer seem shaky or non-serious, especially if others are putting more on the table.
5. Your Flexibility and Timeline
Make it: Being flexible with your move-in date or closing timeline can be a big plus for sellers, especially if they’re also buying a home or juggling a tight schedule. The fewer logistical headaches for them, the better your offer looks.
Break it: If your timeline is rigid or includes multiple delays, it might be enough to sway the seller toward a more flexible buyer—even if that buyer is offering a similar price.
Ready to Craft a Winning Offer?
The summer market is hot—but with the right strategy (and the right agent), you can compete with confidence. If you’re thinking about buying a home this season, we’re here to help every step of the way—from touring homes to submitting the perfect offer.
Reach out today to start your summer home search off strong!