How Buyers Can Win in Multiple-Offer Situations


Here’s what I recommend buyers do in a competitive market like this.
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It’s a hot seller’s market right now, meaning there’s a lot of competition for homes. Multiple-offer situations are common, and it’s left most buyers wondering if there’s anything they can do to ensure they can come out on top. Well, there are a few ways you can make sure that your offer is one that simply can’t be beaten.

Obviously, a higher-priced offer will be more appealing to sellers, but other factors make your offer stand out as well. Providing proof of funds is helpful if you’re a cash buyer; you can use a simple bank statement that shows you have the amount you’re offering. If you’re getting a loan, bring a mortgage pre-approval statement from a reputable lender. This will show that you qualify for the amount needed to buy the home.

Sellers will also look at terms like inspections, contingencies, and closing dates. They typically like offers that are as simple as possible, meaning there aren’t a ton of different contingencies or inspections to manage. Additionally, some sellers prefer having a closing date that comes sooner rather than later—especially if the home is vacant.

"There are a few ways you can make sure that your offer is one that simply can’t be beaten."

If you meet the seller, try to make a good first impression. A seller who likes you may choose your offer over others. If you can’t meet them, try and find out as much information about them as possible by speaking with their agent. You can then write the seller a personalized letter that thanks them for letting you see their home, lists all the things you love, and tells them why you would love to join the community.

Finally, it’s time to submit the best offer you possibly can—one that’s at a good price and has few strings attached. Always take advantage of the expertise of a professional real estate agent, as an expert Realtor can always help you figure out the best steps to take and the best offers to make.
If you have any questions, call or text today at (239) 248-8000. I’d love to help you.