Today we’ll talk about multiple offer situations and why it’s important to trust your agent if you end up in the middle of one.
The buyer demand we’re currently experiencing has pushed home prices up by 23% since a year ago, and new highs are happening every day. For sellers, this usually leads to multiple offers coming in on the same day their home hits the market.
We review each offer and discuss strategies with our sellers. The highest offer is not always the best one; there are many things to consider. We go over the pros and cons of each offer and advise you every step of the way so that you can make an educated decision.
This extremely competitive multiple-offer market poses a whole different set of complications for our buyers. It’s important to remember that the sales price isn’t always the most important part of the offer. Buyers must be very competitive and make strategic offers.
Consider techniques like waiving contingencies, offering more earnest and due diligence money, closing quickly, assuring the seller you won’t ask for repairs or a price reduction, and removing your appraisal contingency. A great realtor will help your bid stand out. We’ve secured over 50 homes for our clients so far this year, and we’re excited to see how many more people we can help in 2022.
To get this process started, reach out to us by phone or email. We look forward to hearing from you.
