Imagine finding a home you love, making an offer, and then finding out there are other competing offers on the table. Ouch. 

If you’re looking for a property in a competitive market, it is likely that there will be multiple offers. Even just one can create the risk that you’ll lose the home. So how do you make sure your offer is enticing enough to win over the seller? Here are some ideas:

  • Don’t make a low-ball offer. If you do, it might be dismissed and you probably won’t get another chance to bid — especially if the other competing offers are near the listing price or over.
  • Have a pre-arranged mortgage and include that with your offer. This reassures the buyer there won’t be any money issues. (Most lenders will provide you with a pre-arranged mortgage certificate for this purpose.) If you need a list of good mortgage brokers who can help you compete in multiple offer situations, let us know.
  • Go in with a price high enough that the seller will be interested, but not so high as to be leaving money on the table. This is tricky and requires a savvy knowledge of the current market.
  • Have your deposit funds available.
  • Have a REALTOR® present the offer on your behalf. A REALTOR® will know how to do so professionally, and in a manner that gives you the best chance of getting the home.
  • We have many other proven strategies that have resulted in our clients' offers being accepted in multiple offer situations. We'd be happy to discuss with you. Contact us to find out how we can help you buy the home you love!

In a competitive situation, working with a REALTOR® who is an expert on the local market — and a skilled negotiator — is crucial.

Looking for a REALTOR® like that? Contact us today.