Here are eight tips that will help you win a multiple-offer situation.
As you know, last month we talked about how well the market was doing—prices are rising and market times for homes are shrinking. What does this mean for buyers? It’s harder to get the home you want, and you’ll likely have to navigate a multiple-offer situation. That’s why today I’ll share eight tips that will help you win a multiple-offer situation and secure your dream home.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety, or use these timestamps to browse specific points at your leisure:
0:44—Tip No. 1: Go big with earnest money
1:23—Tip No. 2: Add a price escalation addendum
1:59—Tip No. 3: Don’t ask the seller for concessions
2:48—Tip No. 4: Don’t ask for personal property
3:08—Tip No. 5: Tailor your offer to the seller
3:44—Tip No. 6: Write a personal letter
4:32—Tip No. 7: Waive the home inspection
5:10—Tip No. 8: Cover the appraisal shortfall (if necessary)
5:58—Wrapping things up
As always, if you have questions about this or any real estate topic or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.