How Can You Win a Multiple Offer Situation?

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In our busy market, we’re seeing a lot of multiple offer situations. Today, we’re going to talk about how your offer can stand out among the competition.

When exceptional properties enter the marketplace, it’s typical for them to receive several different bids within a few days. It’s incredibly important to stand out as a buyer. Ultimately, the seller is looking for a clean offer without many contingencies.

One thing you should make sure of is pursuing pre-approval. It should be from a respectable lender. Additionally, your form of financing is important. Conventional is a safest route, but there are many options available. The more money you can put down, the more attractive your offer will look.

A creative way to stand out is to write a letter to the seller. Express how passionately you admire their home, and how you see your family living there. Sometimes, sellers can feel sentimental about moving out of a home, especially if they’ve raised a family in it. The letter adds emotional value to the offer.

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The seller is looking for a clean offer without many contingencies.

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The most important factor of your offer, however, is the amount. Don’t submit a low-ball offer. On average, sellers earn 97% to 98% of their listing price. To make sure you score the best bargain, hire a tailored real estate agent to represent you!

If you’re thinking about buying or selling a home in the surrounding St. Croix County area, give us a call or send us an email. We’d be happy to help you!