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1-2 PUNCH! Tips on How to Stand Out When Dealing with Multiple Offers
It's a home seller's dream and a buyer's nightmare.  Multiple Offers!!! 
Here are a few tips to help prospective buyers handle a multiple-offer situation.  
1. Set a limit - Multiple-offer situations create an auction-type atmosphere, which can cause perspective buyers to overspend simply because no one knows how much the others are bidding. Set a maximum price on how much you're willing to spend on the home, and don't exceed it.  
2. Make sure you can afford to go higher - Before submitting an offer, check back with your lender to have them run the payments at your specified maximum limit. This is especially important if you're offering more than what you originally planned to pay or more than what you were preapproved for. Make sure you know what your new monthly payments, down payment and closing costs will be with the new offer.
 3. Be flexible on contingencies - Wisconsin real estate purchase contracts include contingencies for inspections, appraisals and financing the loan.  These contingencies essentially allow the buyer to back out of the contract for a certain reason - An example would be if the inspection turns up something you don't like. By offering to shorten the inspection contingency ... more

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