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Today, since the Howard County area has seen a lot of real estate activity, we'll discuss how to handle multiple offer situations on the buying and selling side of a transaction. Being prepared is the first step to getting the most from our market!
Multiple offers are a seller's dream, but
a buyer's nightmare, and we're seeing a lot of them right now. If there is a lot of interest in a property, as soon as it hits the market, it is receiving multiple offers. Knowing what do as a buyer or a seller in this situation is crucial if you want to get the result you desire.
If you're a buyer, the best way to win a multiple offer situation is not always by offering the highest amount of money. It's usually the most important factor, but you also need to consider submitting an offer that will make the process smooth and quick for the seller. You can do this by limiting the number of contingencies and inspections, as well as agreeing to the seller's ideal closing date. Along with having a pre-approval letter in hand, these strategies should make your offer stand out to the seller!
If you're selling, you need to understand the data and the comparable home sales if you want to get multiple offers on your home. Getting the most out of your home sale all comes down to competitive pricing and the condition of your home. Make your home look fabulous and price it competitively for the best results. If you receive multiple offers quickly, you would be wise to communicate that to the buying community and their agents before setting a deadline for more offers. The more offers you have to review, the better!
If you have any questions about this highly competitive market, or if you would like our assistance in making the most of it, give us a call or shoot us an email. We would love to make your real estate dreams a reality!
Multiple offers are a seller's dream, but
a buyer's nightmare, and we're seeing a lot of them right now. If there is a lot of interest in a property, as soon as it hits the market, it is receiving multiple offers. Knowing what do as a buyer or a seller in this situation is crucial if you want to get the result you desire. If you're a buyer, the best way to win a multiple offer situation is not always by offering the highest amount of money. It's usually the most important factor, but you also need to consider submitting an offer that will make the process smooth and quick for the seller. You can do this by limiting the number of contingencies and inspections, as well as agreeing to the seller's ideal closing date. Along with having a pre-approval letter in hand, these strategies should make your offer stand out to the seller!
If you're selling, you need to understand the data and the comparable home sales if you want to get multiple offers on your home. Getting the most out of your home sale all comes down to competitive pricing and the condition of your home. Make your home look fabulous and price it competitively for the best results. If you receive multiple offers quickly, you would be wise to communicate that to the buying community and their agents before setting a deadline for more offers. The more offers you have to review, the better!
If you have any questions about this highly competitive market, or if you would like our assistance in making the most of it, give us a call or shoot us an email. We would love to make your real estate dreams a reality!
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