How Should Buyers Approach Multiple Offer Situations?
Many buyers are wondering how to win a property in this hot market. Inventory is down and buyers are looking, sometimes having to compete against multiple offers. Here’s how to win in a situation like that.
If you’ve been patiently searching for a home online, it’s likely you’ve seen a few that really caught your eye. You need to be poised, patient, and ready, so when a home like that comes onto the market, you can make an offer as quickly as possible.
The way you do this is by making sure you talk to one of our team specialists who you have talked about a timeframe with, as well as a mortgage lender in town that can be ready to provide financing when you make an offer.
If you notice a house that’s underpriced, consider making an offer over list price. It makes the offer more interesting to the seller. Finally, consider paying some closing costs that are traditionally paid by sellers. Sellers will look at your offer as stronger when they offer to pay for closing costs. You could also offer to pay upfront expenses like the inspection or appraisal to stand out.
When looking to win a home against multiple offers, the first thing you can do is work with us. Then we can help you find a reputable lender to vouch for you, and finally negotiate the terms. We’ve got some secret techniques we use as well. Give us a call before you make an offer so we can show you exactly what you need to do to win. We hope to hear from you soon!