What to Do to Win in Multiple Offer Home Purchase Negotiations

How do you conquer multiple offer situations? For some clients, we have put in more than 11 offers on homes! These bidding wars can be stressful for both buyers and agents, but with the right approach and the right real estate agent, you can land your dream home.
Don’t Lag Behind
Do not act with slow response times. In a competitive market, speed is everything. Be ready to act FAST. Have pre-approvals secured and documents readily available. The quicker you move, the stronger your position.
Money Isn't Everything
Now, listen up because it's not just about throwing the most money at a house! Contract terms matter. A savvy agent knows how to leverage favorable terms for their clients. This could mean offering a flexible closing date, waiving certain inspections (with caution!), include a strong escalation clause, or waiving the appraisal.
Get Your Offer to Stand Out!
Sellers do not want to receive a generic offer. In a sea of bids, how can yours stand out? Learn effective strategies like offering a higher earnest money deposit to show serious commitment or proposing a smooth closing process to minimize hassle for the seller.
Contingency Conundrum
Finally, let's talk about contingencies. While some are essential (like financing approval), too many can weaken your offer. Understand the risks and rewards of each contingency, and work with your clients to find the right balance between protection and competitiveness.
By knowing how to make your offer stand out, you'll be well-equipped to navigate multiple offer situations!
If you are looking for a qualified, professional and top notch real estate agent in Hunterdon County, Clinton, Frenchtown, or Flemington areas, reach out to me any time!
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Coldwell Banker Realty
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@mmmalonerealtor
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Welcome to the world of real estate with Mary M. Malone and the Luxe Service Group, your dedicated real estate team serving New Jersey and Pennsylvania and specializing in Hunterdon, Warren and Bucks Counties. Here is a little bit about me:
At 26, I faced a life-altering battle with ovarian cancer. After conquering surgery and chemotherapy, I've been cancer-free. Grateful for a second chance, I've embraced motherhood with four boys, adding joy and vibrancy to my life and work.
I thrive on staying at the forefront of real estate technology. Continuous learning keeps me updated on the latest advancements. Despite the digital age, I firmly believe in personal connections. I prioritize direct engagement with everyone involved in the real estate process.
Real estate isn't just a career; it's my passion. Helping clients navigate the market and achieve their goals is incredibly gratifying. Every transaction is a journey that I approach with dedication and enthusiasm!
The Luxe Service Group at Coldwell Banker Realty represents the region's finest properties with exceptional skill using the most innovative technologies currently available. We offer ultimate privacy and security, speed, and efficiency. Our years of full-time experience have given us a clear understanding of the mindset of home buyers and sellers and a thorough understanding of the regional marketplace.
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