Bid close to listing price. There isn’t much sense in offering significantly less in a seller’s market and depending on how hot the market is, you may need to offer significantly more. Doing this will save you time on the ongoing counteroffer process or you may not even get a chance to counteroffer if the sellers just accept a higher offer out of the gate. If there are multiple offers, you may not even get a chance to renegotiate as the seller may take another much better offer right away. A good agent will show you ways to bid and many unique strategies so you don't end up over bidding or bidding against yourself. It would be helpful to review the contingencies list on the contract. The fewer contingencies you have, the more attractive your offer will appear to the seller. However, it’s recommended not to remove the home inspection clause unless you are a home builder or contractor and can fix anything. Removing the home inspection contingency would mean the seller won’t be liable for any issues discovered with the home after the attorney approval period has expired. You will then have to pay for the repairs on your own. However, unless you are getting a great below market deal, you should be a bit apprehensive about homes being sold “as-is” since even a home inspection may not save you from expensive repair costs. Keep in mind that a home being listed "as-is" can be quite different than making an offer "as- is". Showing your serious intentions by making a large, good faith deposit (called earnest money) and large down payment will usually show the owner of your commitment. This may finally tilt the balance toward your proposal. Earnest money is part of your total down payment paid upfront during the attorney approval period and is refundable to you if the contract is canceled by either buyer or seller during the attorney approval period or if other contingencies are not met.
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