Competing Against Multiple Offers To Win Your Home

ADDED ON May 24, 2015 0 COMMENTS

Multiple Offers On Your HomeHome buyers everywhere are bemoaning the lack of inventory on the market. If you happen to be in the market to buy your home, there are a few things you should know:

Don’t wait, don’t bargain.
When you find the perfect home, make an offer. Offer your best possible price and a high deposit with all your personal details. The offer you write may be your ONLY chance to win the home so give it your best shot. When inventory is low and homes are only staying on the market for a short amount of time, multiple offers are typically being submitted on each home. Most are near or at asking price and some are beyond it.

Tell Your Story
Consider including a fantastic story about why you NEED their house to be your home!

Home sellers need to evaluate several offers and if yours is one of many (your agent should be able to tell you if other parties have indicated interest), it needs to stand out. That’s where your story comes in (along with your best price offer and earnest deposit).

Write a Standout Offer
Want to ensure that you make an impression? Follow our 3 steps to writing the best offer for your home:

  1. Offer up as much cash as you can in the form of an earnest deposit with the best possible price you can pay.
  2. If you need lending, get pre-approved and formalize it by including a letter from your lender as part of your offer.
  3. Write a “from the heart appeal” that explains your feelings about the house and why you need their home to be your home. If you have a good personal story, share it as well. Some home sellers are motivated by more than price and it could make a difference.

You can browse our blog for home tips and latest real estate news! Looking for new home in Washington DC? Gene can show you homes for sale in Alexandria, Arlington and Fairfax. Call 202.288.1468 to schedule a free consultation.

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