In a competitive market, how can I convince a seller to accept an FHA? My agent already reached out to sellers’ agent and didn’t seem to try any persuasion tactics or give reassurance. I’m very committed to this house.

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If your offer is competitive and/ or is the only one, then I wouldnt expect it would be an issue.

If the offer isn’t competitive, and your agent isn’t making a case for you, then you need a new agent.

helpful

My advice: put your best foot forward, don’t hold back, and submit the offer with a short expiration timeline.
Don’t expect the seller to negotiate against themselves before you’ve even submitted an offer. Put your best foot forward, see if they will engage. Give them just 24 hours to respond so they can’t simply leverage your offer to procure another better one.

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Not competitive against cash so you are hoping no one else makes a cash offer or an offer with conventional financing.
Otherwise your only option is improving the price/terms of your offer and pull every lever possible to make yourself maximally competitive (price, waive inspection contingency, timeline, deposit, etc)

helpful

You’re right on the time stamps. And the rest of it!

Reasons they aren’t considering an FHA buyer is very likely because there are reparations that need to be done that the seller knows wouldn’t pass an FHA inspection from HUD. If a HUD inspection identified “issues” where something needed to be fixed, the seller HAS to fix them…other factors like the stigma that an FHA buyer isn’t as financially better off than someone with a cash offer or with min 20% down can be it too. But likely you’re not getting that house

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