How to Win a Bidding War in Austin

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The real estate market in Austin is hot right now. Almost every single home is selling with multiple offers, and our buyer clients are sometimes having an extremely tough time finding a property. However, this doesn’t mean that it’s impossible. 

If you’re trying to buy a home, don’t wait to make an offer. We will put our best foot forward and write you the best price. We can make your offer stand out by doing a few different things:

1. You must be pre-approved with a local lender. Sellers will not even look at your offer if you aren’t pre-approved by a mortgage lender.
2. Your financing will play a role in your offer too. Cash is always the best, but if you’re pre-approved, you’re not far off from a cash buyer. If you’re using financing, sellers like to see conventional financing with at least 20% down.
3. Having your paperwork in order is important, too. Being organized and able to respond to questions and inquiries will impress the seller. It shows that you’re serious about buying a home.
4. Writing a personal letter to the seller can help put a face to your name. Explain why you and your family need the home, and this will help to make more of an emotional appeal to the seller. They will be more comfortable selling you the home when they know that it will be well taken care of.

These are just a few of the things that we can do in order to get your offer accepted by a seller. If you’d like to learn about more strategies, then please don’t hesitate to contact me!