How to Write a Competitive Offer for Your Dream Home
Buying a home is exciting — but when the perfect property hits the market, you might find yourself competing with other buyers. In today’s market, homes can move quickly, and sellers often receive multiple offers. If you want to stand out and secure the home you love, your offer needs to do more than just check the boxes. It should show the seller you’re serious, prepared, and ready to close smoothly.
Here are five ways to write a competitive offer that catches a seller’s attention and increases your chances of winning in a multiple-offer situation.
1. Offer a Competitive Purchase Price
Your purchase price is the first thing sellers will notice — and while everyone loves a good deal, this isn’t the time to lowball.
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Work with your Realtor (like Julie!) to analyze comparable home sales in the area and determine a fair, competitive price.
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If the home has multiple offers, consider coming in at or slightly above asking price to demonstrate strong interest.
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Remember, a higher offer isn’t always about paying more — it’s about showing the seller you value their home and are serious about buying it.
Pro Tip: Sometimes sellers care about more than just money. Other terms, like fewer contingencies or a flexible closing timeline, can make your offer appealing even if your price isn’t the absolute highest.
2. Show Strong Financials and Pre-Approval
Nothing reassures a seller like knowing you’re financially ready to move forward.
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Always include a mortgage pre-approval letter from your lender with your offer.
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A pre-approval tells the seller that a professional has reviewed your finances and you are ready to close quickly.
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If possible, increase your down payment percentage, which can make you appear even stronger as a buyer.
Why it Matters:
Sellers want a smooth transaction with as little risk as possible. Demonstrating your financial readiness helps them feel confident that your deal won’t fall through.
3. Include Substantial Earnest Money
Earnest money is a deposit that shows the seller you’re committed to the purchase.
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While typical earnest money is up to 2% of the purchase price, offering more can make your offer stand out in a crowded field.
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The money will be applied toward your down payment or closing costs, so think of it as a show of good faith rather than an extra expense.
Example:
On a $300,000 home, an earnest money deposit of up to $3,000–$6,000+ signals to the seller that you’re serious about moving forward.
4. Keep Contingencies Simple
Contingencies are conditions that must be met for the sale to move forward, like inspections, financing, or appraisal. While they protect you as a buyer, too many contingencies can make your offer less attractive.
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Consider streamlining your contingencies where you’re comfortable, especially in competitive markets.
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For example, you might shorten the inspection timeline or be flexible with appraisal terms.
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Work closely with your Realtor to decide which contingencies are essential and which can be adjusted for a stronger offer.
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Important Note: Never waive contingencies you aren’t comfortable with. Julie will help you strike the right balance between protecting your interests and making your offer appealing.
5. Be Flexible With Timelines and Add a Personal Touch
Sometimes, small gestures make a big difference.
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Ask your Realtor about the seller’s preferred timeline. Maybe they need extra time to move, or they’re hoping for a quick close.
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Offering flexibility can help your offer rise above others, even if the purchase price is similar.
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Consider writing a personal letter to the seller, explaining why you love their home and how you see your future there. Sellers often have emotional attachments to their homes, and your letter can create a genuine connection.
Putting It All Together
Writing a competitive offer is a blend of strategy and heart. By combining a competitive price, strong financial backing, substantial earnest money, streamlined contingencies, and flexible, thoughtful terms, you’ll stand out to sellers and increase your chances of getting your dream home under contract.
Julie Delap specializes in helping buyers navigate competitive situations with confidence and clarity. Whether you’re a first-time homebuyer or a seasoned mover, Julie’s expertise will guide you every step of the way.
