How to Stand out and Win in a Multiple Offer Situation

What’s the key to standing out as a buyer in a multiple offer situation? Allow us to shed some light on this question, today.

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When the market is hot and competition between buyers is high, what is the best way to stand out from among the crowd? What’s the secret to having your offer accepted over the numerous others a seller might receive? Some buyers may speculate that it’s best to wait and see what other offers on a given home might look like before submitting their own, but this strategy doesn’t generally reap results. If you’re interested in a home, submit your highest and best offer as soon as possible. Yet, if this advice goes to all buyers, how can you make sure your “highest and best” is superior to another buyer’s? There are actually many steps you can take to set yourself apart. Offers above list price, offers with a high down payment, and offers with favorable terms will all spark a seller’s interest.

"If you’re interested in a home, submit your highest and best offer as soon as possible."

One tactic that may be less obvious, though, is to submit an offer letter. Writing the seller a letter that details why you’re interested in their home, and how living there would benefit you and your family could add the personal touch your offer needs to win. 

Of course, such tactics will be much more effective if you employ them under the guidance of an experienced, qualified real estate professional. Our team would love to help serve you on this front. We don’t like to lose and we would be happy to help you win.

If you have any other questions, would like more information, or are interested in how we can help you secure your dream home, feel free to give us a call or send us an email. We look forward to hearing from you soon.

How Home Sellers Should Handle Multiple Offer Situations

How should you deal with multiple offers as a seller? This is what we recommend.

Selling in the Austin area? Get a market analysis report

Purchasing in the Austin area? Get full MLS access

Today we are going to talk about multiple offer situations and how you should handle them as a home seller. A multiple offer situation simply means that your home is in demand and there is more than one person out there who seriously wants to buy it. When you have a multiple offer situation, is the highest offer always the best? Not necessarily. While you want to get the highest price possible, you want to make sure that the sale will close too. Is the buyer paying cash, or do they have a loan? Are we worried about the appraisal? When do they want to close? There are a number of different questions to consider and the highest priced offer may not always be the best.

"A cash offer is great, but it is not always the best option"

How do you select the right offer? Cash is always great because you don’t have to worry about the appraisal or a loan being underwritten. However, cash offers may not be in your best interest if the buyer is trying to lowball you. If a buyer with financing offers more money with a solid loan, that could be a better option.

A qualified professional can really help you out in a situation like this. My team and I deal with multiple offer situations all the time, and we always make sure that we are dealing with offers that are going to get your home sold. Anybody can write an offer, but it is our job to make sure that we choose the right offer with the right price and the right terms to get your home sold as quickly as possible and meet your needs.

If you’re looking to sell your home and have any questions about multiple offer situations, please feel free to give me a call or send me an email. I look forward to hearing from you soon.