Monday, June 17, 2013

Multiple Offers on a Home - How you can Win the Bid


Winning the House You Want
The US property market is picking up fast, and it’s no longer a given that a buyer will get the house that’s at the top of their wish list just becaue. With multiple offers coming in on many homes, you need to know what you can do to win the house you want. 
Did you know that in the past year, in some US markets up to 73% of homes have been getting multiple offers on a home? 
So what can you do to win the house you want, especially when there are likely to be more multiple offers than you care to know about? 
What to do to Counter Multiple Offers and Win the Bid
Here are five useful tips that will help you work out a winning strategy when there are multiple offers on a home that you are determined to buy. 
  1. Simplify your offer. If you make too many demands your bid may be rejected. Factor repairs and so on into your initial bid price. 
  2. Offer what you are willing to play instead of planning to negotiate later. You may not get a second chance if there are multiple offers on the house you want. Remember that in a seller’s market people sometimes often even more than the asking price. 
  3. Prove you can pay the price. If you can’t make a cash offer, bring evidence that you already have the approved finance needed. 
  4. Up the deal by increasing your deposit and | or due diligence money  This is like giving the seller an incentive to let you buy the property. 
  5. Personalize your offer to show that you are the person best suited to take over the seller’s home. If you can show how important it is for you and your family to have the house, you’ll likely get an edge, even when there are multiple offers.  
Ultimately you need to be proactive to ensure that you will win the house you want even though there are multiple offers on a home. 
Are you looking for a buyers agent that can assist you when you are considering buying a home? I am the right person for the job - with years of experience and excellent references, let me assist you.
Karen@KarenBrowder.com or visit my website, http://karenbrowder.kwrealty.com/  to see what homes are available to suit your pocket and your needs

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