How to gain an advantage in a multiple offer transaction

In a multiple offer circumstance there are a few strategies that may gain an advantage.

Make an attractive offer. 

Submit a Good Faith Deposit greater than the average $1000.

Go in with your Best Offer First:

          Consider the number of homes that may be available which meet the same criteria as this home.

          Is this purchase for a long period of time then the home may appreciate over and so it may not hurt to pay a little more than asking.  If a short time, then think twice.

          Have the market analysis ready to support the offer. 

Have a Pre-approval from a local lending institution.

Consider the possibility of forgoing some contingencies.

Don't ask for appliances that are not included.

Don't ask for seller concessions, remember this will impact the seller's bottom line.

While an all Cash offer may be attractive, consider the conditions that are listed in the offer. 

 

 

 

Laura Lenze

Laura Lenze

Licensed Associate Real Estate Broker
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