Your guide to winning multiple offers on a home every time.
There are a few steps that can be taken to ensure your offer on a home with multiple offers will prevail and it is not always about price.
First and foremost is to write a strong and clean offer, with no confusing or extraneous terms. Instead, it should be clear and concise to convey the message that you mean business and are ready willing and able to buy. To that end, you should know that in today’s market most homes are selling within 2 to 3 offer of the asking price and often over the asking price. Any offer that falls below that threshold is highly unlikely to even be considered in a multiple offer situation.
When submitting an offer you also want to make sure all your financial information and records are in order. If making a cash offer, present a bank statement showing you have the cash; and if getting a loan, present a letter stating you have been pre-qualified.
To really make an impression on a seller, you may want to consider offering them free rent for 30 days after closing escrow. This will make their lives much easier and will quickly put you in their good graces.
Remember, when there are several buyers bidding it’s often based simply on who the seller likes better. Therefore it’s imperative you always be cordial, respectful to the point and leave the impression that you’ll be difficult to work with.
Being represented by a qualified and respected agent also will provide the seller comfort that you have good people around to get a deal done.