How to Get Your Offer Accepted in Today's Hot Seller's Market

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How to Get Your Offer Accepted in Today's Hot Seller's Market

So, how can you make your offer stand out and get accepted in a multiple offer situation? The amount of money you put down as earnest money differs from market to market but is typically 1-2% of the purchase price. This can be effective in a buyer’s market, but in a hot seller’s market, if you offer $100K and ask for $5,000 in closing costs to be covered by the seller, your offer is essentially $95K to seller. In situations where there are maybe 2-5 total offers, escalation clauses are a great tool to use. My offer was more competitive than an offer with a purchase price of $6,000-plus over my purchase price.

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