In a red hot real estate market like Nashville’s homebuyers better be prepared to take action…quickly!
Currently, home sellers are receiving multiple offers on homes, often within mere hours of listing. Under normal conditions homebuyers with a cash offer might stand out amongst the pack. Today there are often multiple cash offers being made on the same listing. So, just what is a homebuyer making a cash offer to do these days? Here are our tips…
Don’t expect a reduction
Perhaps in the past a homebuyer could have expected that a cash offer might mean a reduction in price. Somewhere along the way, homebuyers began hearing stories about crazy, lowball all-cash offers being made and accepted and everyone assumed a good deal could be found with cash. Not anymore. That myth definitely no longer applies in Nashville. Be prepared to make a solid (most likely asking price) cash offer.
Do expect other cash offers
Again, current trends indicate there may be more than one cash offer made. In fact, cash offers are at an all-time high. That means even homebuyers making cash offers are still competing like crazy today.
Sweeten the deal
Are you willing to pay closing costs? Do you have flexibility with closing dates? Anything you have to make your offer more attractive should be considered now and added in.
Are you looking to make a cash offer on a Nashville home and want even more advice? Call DeSelms Real Estate today at 615.550.5565 and speak to one of our award winning agents!