What To Do When There Are Multiple Offers
You found your clients’ their dream house, but what they don’t understand is that they will have to be prepared to win the bid when multiple offers come in. Go above and beyond as their Realtor and help them get closer to winning that battle and landing their perfect home.
First – if they haven’t already – Get a pre-approved mortgage. This will help back up the offer which shows that you are serious about investing in the property.
Second – take action. Make a firm offer with little to no complicated conditions or terms. This makes the bid more attractive than the next guy with a list of “buts”.
Third – get a home inspection. This will show you serious about buying and willing to put in the due diligence to ensure the home is in the condition expected.
Remember that the seller is just as eager to sell their home as your client is to buy it. Adding incentives to speed up the process, such as paying the closing cost or meeting the specific closing date will make the offer stand out. Your clients are going to be excited about taking this next step but it is your job to keep them grounded. Don’t let them get carried away in the heat of the moment. Stay logical and buy within their limits.