Buyer Advice: Don't Give Up When Up Against Another Offer

I hope you are enjoying a most productive week.

Thanks for your comments on my blogs.

Joni you provide very good reasons why a buyer should not be afraid of multiple bids and what to do if it occurs.

Great advice to potential buyers! I would certainly fight for the home you have pics of... outdoor tv and firepit? what's not to fight for!!!

Joni

When the buyer wants the home . . . . they have to go for it . . . . and put their foot forward with the contract. 

Good luck and success.

Lou Ludwig

Buyers often put in contingencies in their offers that just aren't worth losing the home over. Or they start so low to "see what happens". Well, when there is a higher offer, "nothing". You make excellent points.

Hi Joni.  This is excellent advice for any buyers facing multiple offer situations.

Excellent post Joni. Most buyers do give up when they find out there is already an offer on property. You provide good points for buyers to heed.

Good morning Joni Staples,

Excellent tips to improve a buyers offer without bidding the price up higher. I just received 4 offers on a listing and one agent really did a great job of removing the home warranty request, higher option fee (not crediting back at closing) and allowed the seller a week after closing to move out for free! He did raise his price but with all the other items..he won the contract hands down!

Great advice.  There are ways to improve your offer and you certainly have pointed out a great deal.  Hang in there and hope the others Give UP.

The price is not the only weapon, tool in the pick you, to stand out in the multiple offer situation. Think seller, what you would want beyond just the price in the offer presented.

My buyers have been on the winning side of a bidding war many times by simply sticking to their original offer because it was clean and strong.

Great advice Joni!  It ain't over till it's over right?

I think if the buyer consider it a good deal, then opting out just because of the fear of losing it or bidding doesn't help much. I also feel that agents can play a significant role in this by keeping the buyers motivated.

I have had buyers that want ot throw in the towel and others that love the challenge. They strategize and want to make sure they win.

Great post. Indeed, many buyers want to give up when they think of negotiations.

Joni, Those are all excellent suggestions for a buyer to change some of the details of a deal but stay at the same price. I like the extra 10 days to move out idea.