How to Win a Bidding War Part II

By
Real Estate Agent with First National Realty

continued...

 

Tip #3 - Make an Impression on the Seller

Be more than just Buyer #2. Meet the seller and make sure they know what you love about the house. They usually love their house as well and want to sell to someone who'll love it just as much. If you can't meet then writing short personal letter about your family and how much you love the house to be included with your offer can be helpful.

Have the seller know who you are. Even if your bid is slightly lower, a seller may sell you the property just because they like you.

Tip #4 - Remove Conditions

The fewer conditions you have on your contract, the better. Call up your loan officer and make sure you can get approved for the loan and remove the financing clause. The cleaner your contract, the more appealing it will be for the seller.

These four tips will help you bid on a property in the Memphis TN real estate market without losing your shirt. Keep them in mind if you find yourself in a multiple offer situation.

There is a lot of free information available to you about buying, selling or investing in Memphis TN real estate. For complete information about the Memphis TN real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Memphis TN real estate at http://www.OlenaKeene.com . So please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at (901) 277-5324 or email me at Olena@OlenaKeene.com .

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