21 Ways to Get Your Offer Accepted During Multiple Offers

Reblogger Gabe Sanders
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

If you should find yourself in a multiple offer situation, here are some great tips from Debbie Reynolds that could very well make your offer the winner.

 

Original content by Debbie Reynolds TN Broker: 208698

Strategies to Make Sure Your Offer Shines in a Multiple Offer Situation

 

Accepted offerAggressive markets with low inventory create stress not only buyers but for agents, too. Nobody likes to see a buyer disappointed when their offer lost out to another bidder. 

Though there are no guarantees and each market responds to different practices, this list of tips and strategies is from some of the best agents in the country that participated in a recent ActiveRain Contest on how to compete in a Hot Market. Using these tips will give you a leg up and help stack the deck in your favor by increasing the chances the offer will get a serious look and possible acceptance.

 

1. First, buyers need to understand up front that the market is hot and if they don't bid quickly and aggressively they may not get a second chance on any home.

2. Choose an agent that is experienced that will represent your interests. Every buyer needs a strong negotiator on his side.

3. The buyer's agent should have a good reputation for working with other agents. When competing with other similar offers, it may come down to which agent the seller and his agent trust more.

4. Be proactive. Buyers that wait to look on the weekends are often told the property sold earlier in the week.

5.Get your finances in order and have a strong pre-approval letter from a trusted lender ready and in hand.

6. Cash is king and if at all possible making this happen will move you to the topof the pile.

7. If you see it and like it, don't sleep on it. Those that wait lose out. Do it now.

8. Before writing the offer, the agent should talk with the seller's agent and see what the trigger points might be. It could be a quick closing is needed or a seller rent-back if the seller is building a home. Try to make it easy on the seller.

9. Considering offering over list price. Many homes are going thousands over list and buyers that understand that they only have one shot are getting the homes. 

10. Keep the offer clean with as few contingencies as possible. Even a home inspection is a contingency so make it for informational purposes only if you can and you will get the seller's attention. Be sure you are comfortable with the possible outcome if there are repairs you did not foresee.

11. An offer subject to appraisal or loan contingencies may be a put off to the seller. If you have the cash, considering covering the difference if the appraisal does not meet the sale price.

12. When writing the offer make certain you have the paperwork, contract, addenda and all disclosures are completed correctly and in their entireties. This will show you are meaning business and not playing games.

13. If the property is in an HOA, review HOA rules and restrictions to be sure you are comfortable with them and ready to move forward.

14. A buyer letter stating how much you like the home can make a good impression on the seller. Selling homes is an emotional and financial decision and some sellers could be swayed by some kind words. Caution: This could backfire in some situations such as if a buyer states he has pets and the seller has been meticulous about caring for his home and thinks the pets might destroy it. Use good sense.

15. A photo of the buyer or a drawing of the new home by the buyer children will set your offer apart.

16. Call the agent to notify that an offer is on the way. This is another place that having good working relationships can help your offer get serious attention.

17. Some agents make a request to present the buyer's offer to the seller. This is when you can clearly state the case for the buyer and test the waters about it being understood or if there ae questions.

18. Consider using an escalation clause that has predetermined price increases should other offers come into play.

19. Strong earnest money conveys a solid message that the buyer is financially committed to the home and will likely not be bailing on the deal.

20. If possible, get an agreement that the seller response time will be quick. Showing urgency can show strength in being able to move forward fast.

21. K.I.S.S. Keep It Simple Sweetie- the less complicated the offer is the more the seller and his agent will like it.

An experienced agent can determine which of these strategies should come into play. To read more from experienced agents on this subject that excelled in giving strategies and earned bonus points in the Hot Market Contest, click on the following links.

Hot Market Tips- How to Get your Offer Accepted by Kasey & John Boles 

Winning the Bidding War- No Contest- No Contest by John Marshall - FORE! 

Hot Market Strategies: Getting Your Offers Noticed & (Hopefullly) Accepted by Nina Hollander  

        

 

When you need Real Estate services in Clarksville TN

                  it would be my pleasure to assist you!                             

        "The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

                   
                   
931-920-6730 Office or 931-320-6730 Cell

Clarksville TN Homes

Berkshire Hathaway HomeServices-PenFed Realty

2503 Wilma Rudolph Blvd., Clarksville, TN 37040 

 

     ©2015 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC.

           Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol
                                                               are registered service marks of HomeServices of America, Inc.®
Realtor LogoEqual Housing Equal Housing Opportunity.

 

Google Plus       Follow me on YouTube       

  

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Best Practices

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
4,230,273
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is an excellent selection for a reblog. I always recommend following the blogs by Debbie Reynolds

May 18, 2017 05:22 AM #1
Rainmaker
1,699,009
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Excellent choice for a reblog my friend, Debbie Reynolds always has great tips, she is amazing!

May 18, 2017 06:07 AM #2
Rainmaker
977,734
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Listen to Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales, Gabe Sanders (772) 888-2885 to service Stuart, FL.

May 18, 2017 11:44 AM #3
Rainmaker
3,198,650
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

 Gabe

The re-post is a check list to get a multiple offer accepted.

Good luck and success.

Lou Ludwig

May 18, 2017 06:45 PM #4
Ambassador
3,323,045
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Thanks so much for the reblog, Gabe. I hope you have a great Friday.

May 18, 2017 08:56 PM #5
Rainmaker
3,890,909
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thank you for stopping by and taking the time to read my re-blog.

Jun 05, 2017 05:25 AM #6
Rainmaker
3,890,909
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for your comments; it’s always good to hear from you.

Jun 05, 2017 05:25 AM #7
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,890,909

Gabe Sanders

Stuart Florida Real Estate
Ask me about Stuart FL real estate
*
*
*
*
Spam prevention

Additional Information