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Multiple offers what to do?
Making an Offer in a Competitive Market
 
 
Imagine finding a home you love, making an offer, and then finding out there are other competing offers on the table. Ouch. If you’re looking for a property in a competitive market, it is likely that there will be multiple offers.
Even just one can create the risk that you’ll lose the home. So how do you make sure your offer is enticing enough to win over the seller?
 
 
Here are some ideas:
• Don’t make a low-ball offer. If you do, it might be dismissed and you probably won’t get another chance to bid — especially if the other competing offers are near the listing price.
• Have a pre-arranged mortgage and include that with your offer. This reassures the seller there won’t be any money issues. (Most lenders will provide you with a pre-arranged mortgage certificate for this purpose.)
• Go in with a price high enough that the seller will be interested, but not so high as to be leaving money on the table. This is tricky and requires a savvy knowledge of the current market.
Write a personal letter to the sellers telling them what you love about their home. 
• Have a REALTOR® present the offer on ... more

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