Writing your offer and sending it for the Malaysia home seller’s approval is getting one step closer to getting the house that you desire; what could go wrong at this stage anyway? Well, let me tell you – a lot. One of the biggest things that could go wrong here is your offer getting disapproved.
If your offer falls behind someone else’s, you’d end up having to go a few steps backwards with another house with another set of negotiations, new set of people to talk to (or at least for your agent), and extending the waiting long just a teeny bit further, all of which are of course, frustrating to say the least.
This problem is quite prevalent among Malaysia property because of the government curbs are kicking in with full effect from 2014 Budget, and so it’s important to reject-proof your offer! Get in touch with us if you need more advisory!
So the question is, can you reject-proof your offer? Are there ways that you can make sure your offer gets accepted?
Thankfully, YES. Here are five important tips thanks to our seasoned Wiiloaded consultant Winnie Jo (a specialist in Mont Kiara properties – in particular, Matahari, Kiaramas Sutera and Seni Mont Kiara):-
5. Make sure everything is on the offer. Date of payment, mode of payment, amount to be paid, down payment amount, mortgage provider, contingencies – the more things they find lacking or missing on your offer, the more reason they have to reject it outright. So consult with your real estate broker or your real estate lawyer as to how to make your offer complete.
4. Take time to talk and negotiate. This step is more than just getting a negotiated, bargained price. This is about knowing what your home seller expects from you especially on the part of the contingencies. In a way, make this the verbal part of your offer in that your written offer becomes nothing more than a formal and legal reflection of what you’ve agreed upon verbally.
3. Attach the necessary mortgage-related papers on your written offer. Everything mortgage-related is a good indication and promise that you are serious about buying the house and that you have the capacity to pay for the house. Make sure that your pre-approval papers, signed mortgage papers from your agent among others are attached to your offer.
You may want to also see this article from Realestateexpress.com – it has got some good details on technicalities on real estate financials.
2. Get your written offer in your seller’s hands as soon as possible. Don’t wait any further to have your papers ready. Get them to your seller as soon as possible so he can review it promptly as well. You may have to wait but at least you know that you’re not waiting in vain. Besides, if your seller is trying to get the house sold as soon as possible, your fast delivery of the written offer will beat every other good (aka more expensive) offer.
1. Make a personal letter addressed to your home seller. They are homeowners, not hardcore businessmen who do not put a personal light on this home sale. So why not approach them this way too? Apart from all the legal and mortgage papers that you are attaching to your written offer, make a personal letter that tells them why you would love to be the next owners of their house. This is simple, this is nothing expensive, but if you do it the right way and touch them from one homeowner and head of family to another, who can say no?