Multiple offer situations are incredibly common in our current market. As a buyer, how can you win your dream home?
How do you make sure that you win your dream home when other buyers want to buy it?
We are seeing a lot of multiple offers in today’s market, so it’s not uncommon to face some competition for your dream home. So, what do you do?
First, you need to make an offer. Don’t sit and wait to see if others are going to make one. You should also keep in mind that you’re not going to know what those other offers are. The listing agent won’t reveal that information. After all, they are working for the seller to make sure that they get the best offer.
When you make your offer, what can you do to make sure that your offer is the one that gets accepted? You need to make sure that you are pre-qualified. You might need to ask your lender if you could possibly make a higher offer than the asking price, so you need to know about your finances right off the bat.
Don’t wait around to see if anyone else will make an offer.
You also have to consider how much earnest money you are willing to put down. After all, money talks.
In addition to earnest money, consider due diligence money. Do you have some money that you are willing to put down to show your sincerity in buying that property?
Another thing you can do to make your offer stand out is to write a letter to the seller. Tell them why you want to buy their house and let them know that you love their home, that you will take care of it, and explain why you’re making your offer.
Do you need a real estate professional to help you? In this market, the answer is an absolute yes. A professional real estate agent can help you maneuver these multiple offer situations successfully.
If you have any questions about winning in a multiple offer situation or about our current market, just give me a call or send me an email. I would be happy to help you!
