Here’s how you can write a competitive offer to win your dream home.

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If a nice home goes on sale in a good area, chances are it will end in a multiple-offer situation. That’s why I want to talk about how you can come out on top in a competitive market.

 

"To know what to include in your offer, you need to understand the other side."

 

First off, it’s a myth that the highest price always wins. From personal experience, I can confirm that there are creative ways to make an offer stand out. It’s not that price is irrelevant; instead, you should just remember that there are other ways to make an offer appealing. 

 

To know what to include in your offer, you need to understand the other side. Does the seller need to sell by a certain date? Do they need a certain price? Are they already under contract with another home? These factors all play into your offer, so make sure you know what’s going on. 

 

You also have to be aware of what you can offer. Is it practical for you to make a cash offer? If not, can you make an offer that’s close to cash? This means you would waive as many contingencies as feasible so your seller can move forward with confidence. Finally, you have to know when to say no. If you don’t have a walk-away price, you need to get one. 

 

At this point, the process falls on your agent to get the job done. Call it game theory or whatever you want; your agent should know all the tricks to get you the best deal possible. 

 

If you have any questions about today’s topic, please reach out to me via phone or email. I am always willing to help.