What’s the Secret to Winning in Multiple Offer Situations?
Today’s topic is something home sellers love and buyers want to avoid: multiple offers! I want to discuss this topic today because one of the first things that sellers ask when they sit down with me in the office is whether there are a lot of multiple offers in the marketplace today.
Whether a home gets multiple offers is dependent on a few variables; it primarily depends on your marketing strategy and your pricing. One of the things we try to do here is to ensure the seller gets the highest price possible for their home in a multiple offer situation.
A question we get from buyers in multiple offer situations is whether they have to offer the highest amount of money in order for their offer to be accepted. This is a great question. Offering the most money possible is certainly one way to get the buyers attention, but the terms and conditions of the offer are crucial as well. How we position your offer as far as terms are concerned is often as important as the price. There are a lot of different things you can do outside of price to make your deal more attractive to buyers.
If you are a buyer, our team requires that you get pre-approved first. This is not because we question your integrity, but because we’re currently in a market that favors buyers. Anytime you bring in a pre-approval, it’s going to strengthen your offer. As your Broker and someone who is looking out for your best interests, it’s our responsibility to ensure you’re only looking at homes that you can afford! This will save you a whole lot of time and stress in the process.
If you have any questions about the pre-approval process, or if you need real estate assistance of any kind, please don’t hesitate to reach out to me. I would love to hear from you!