In a market of limited inventory (i.e. fewer properties for sale), buying a home can be tedious when your offer is competing with 15 others. If you want to improve your chances of becoming a successful buyer, here are some tips:

• Offer a large deposit. Sale deals do fall through for various reasons. A good deposit shows the seller that you’re serious about closing, and makes your offer more attractive, accordingly.

• Provide evidence that you are a qualified buyer. Showing that you have been preapproved for a loan by way of a letter from a financial institution reduces the risk of not being able to close the transaction.

• Be flexible with closing dates. This can make or break a deal, particularly if all parties are buying and selling at the same time.

• Have as few conditions as possible. Some conditions, however, are always wise to include, such as a home inspection. If this is the case, then shorten the time period for it.

• Make a good offer right from the start. In a multiple-offer situation, you want to come out on top to increase your chances of getting your home. Remember, the seller has all the power to accept or reject your offer, so now is not the time to haggle.

Liisa Arra knows all the ins and outs of offers and negotiations. Give her a call at 416-487-5131 or email Larra@remax.net for more information. We specialize in real estate in the midtown Toronto areas of Leaside, Davisville, Bayview and York Mills as well as the North York niehgbourhoods of WIllowdale and Lansing.