How To Write A Competitive Offer In Tacoma


In any market, it is important to have an understanding of what makes a competitive offer, that is – OTHER than price, but that is not always the case. Like you, the seller(s) certainly have their own motivating factors. Who doesn’t?


Before you start crafting your offer, we have to lay the groundwork. I’ll provide you with important information about the seller. This is to get a better gauge on what is important (and what is not important) to the seller. Here are some important questions that your Realtor will discover, before you write your offer:

  • Did the sellers recently purchase the home?
  • Have the current owners lived in their home or are they investors?
  • How quickly do the sellers want to close?
  • Are the sellers in a financial hardship?
  • Why are they selling?
  • Where are they moving?
  • When do the sellers prefer to close ie. transfer ownership?
  • Is the home in a Will or Living Trust?
  • Have the sellers had any recent bad experiences with selling? If so, what were they?

The objective with these questions is to decipher what components would make the sellers more confident with your offer.


  1. Type of Financing – You know what they say “cash is king” but why? Why would a cash offer, win over an offer that is financed ie. Buyer has to get a loan? The number one reason why homes don’t sell, after being in contract is the buyer’s inability to obtain financing to purchase the home. For that reason, most sellers are impartial to cash and find great comfort in not having to deal with a bank. For more information on various finance options when purchasing a home, take a quick read of our blog;
What if you don’t have a pile of cash lying around?

Take the extra step and get approved with a lender who can provide you a Guaranteed Approval. This does not cost you any additional money. It only requires that you send needed documentation to the lender (W2’s, taxes, bank statements etc) up front, rather than waiting for your offer to be accepted.

When you have a guaranteed approval, you will out compete other like offers. Many lender guarantees come with a promise to reimburse both buyer and seller up to $5,000 if they are unable to close.

  1. Close dateTime is money! If the seller prefers to close as soon as possible, the winning offer may (on paper) be less than the highest priced offer. But in actuality closing earlier could save the seller hundreds if not thousands of dollars in taxes, insurance and mortgage payment.
  2. Earnest Money – Put some skin in the game. Earnest Money conveys to the sellers that you are making a Good Faith Offer. That is, you aren’t simply going to walk a day before closing because you got cold feet. Putting as much as 3% earnest money (of the purchase price) in a competitive environment, is sometimes warranted to get your offer accepted.
  3. Home Inspection – Have one. Yes. You heard me. Have one. If you don’t have extensive house knowledge, it’s not advised to purchase a home without hiring a professional to get into your crawl space, attic, scope your sewer line or septic and dig into every nook and cranny before going all in.

You can, however, perform a pre-inspection ie. do a home inspection before your offer is accepted. If you do this and are satisfied with the condition of the home, you can check the box that your inspection is already conducted. This allows you to make a competitive offer and against home buyers who are choosing to waive their home inspection. For more information about home inspection and what to expect, read our short blog.

Another strategy to compete against buyers who are choosing to waive their home inspection is to include a clause in your contract that states your inspection is for “Informational purposes only.” It’s not advised you include this in the purchase and sale without the review of an attorney. This modification helps you compete against other home buyers who are choosing to waive their inspection.

  1. Professionalism & Reputation – Work with a local expert. It pays to hire a professional Realtor who knows the market and has the resources to offer you when you need them.

Ready to start buying your next home? Call/text local Realtor and expert, Jenny Wetzel to get started (253) 381-9788 or email

More Resources

How to Purchase a Home With Your VA Loan

How to Purchase a Home With Your VA Loan

The VA Loan provides our military professionals an incredible opportunity to purchase a home with no down payment and competitive terms. You will learn what you need to qualify for a VA loan, the benefits of using your VA loan vs. an FHA or Conventional loan and myths about the VA loan.

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How To Finance Your Home Purchase

How To Finance Your Home Purchase

How do you finance your home purchase? There are different loan options and understanding the basics of each loan can help point you in the right direction. We highly encourage you to connect with a local, reputable lender in our area. Need a few recommendations? We have you covered.

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Get In Touch

Tacoma Realtor - Jenny Wetzel

Jenny Wetzel

Call or Text: 253.381.9788


Fax: 253.381.9788