Buyer’s Tactics for Winning in a Multiple Offer Situation

    When coming up against stiff competition for the home of your dreams, try these three tactics to make your offer stand out from the pack.

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    Our buyers have to compete against multiple other buyers in many of our transactions in this seller’s market. The seller is countering all buyers by saying, “Give me your highest and best,” and you’ve got to deliver. Here are three tactics that we use to help buyers get their offers accepted:

    1. Make sure you’re pre-approved with a well-known lender that has a great reputation on following through on timelines. A solid lender may even beat out cash buyers.

    2. Skin in the game. Sometimes the highest offer is not what the seller is looking for. Look at increasing your earnest money amount, which is applied to your down payment, or shorten your inspection period so that the seller knows that you’re serious about this transaction and you’re committed to seeing it through to the end.

    3. Have the lender reach out to the listing agent and let them know how strong of a buyer you are with a confirmation that the paperwork is complete and you’ve been pre-approved.

     

    Sometimes the highest offer is not what the seller is looking for.

     

    With these three tactics we have seen a lot of positive results in helping our buyers get their offers accepted. If you have any other questions about this topic or you would like to buy or sell a home, please reach out to us. We’d be happy to help.

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