Win that Bidding war

By
Real Estate Agent with RE/MAX Realty Specialists Inc.,

When making a multiple offer on a property, we have a form available to Realtors, for the seller to sign, that they have actually seen your offer to purchase.

This may not neccessarily get you a sign back, or counter offer, but at least will know for sure that they have been presented your offer.

I recommend making your offer in person, not by fax or email, and attend with me at the house for the Offer Presentation.   I would like you to obtain and include a Letter of Capacity from your bank, that you have the funds and ability to close on this purchase. 

This will make a difference when compared to other people who are all conditional upon financing and have other obstacles to overcome, like the sale of a property.

I would like to work with you to make it simple to get your next home.

 

Give me a call 647 218 2414

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Topic:
Home Buying
Location:
Ontario York Region Toronto Humber Bay Shore
Groups:
Realtors®
RE/MAX Active Rain Bloggers
RE/MAX Ontario-Atlantic
Tags:
multiple offers
toronto
for sale
detached homes
bidding war
homes for sale etobicoke
closed bids
letter of capacity
letter of commitment

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Rainmaker
1,260,139
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

David:

Great post and good information. Hope you have a wonderful week. 

Dec 16, 2013 11:32 AM #1
Rainer
146,002
Andrew Payne Realtor® Richmond VA Homes For Sale~804-938-5257~
Coach House Realty - Richmond, VA
Richmond, VA, Real Estate, SRES®, NAR Green

David,

Having a Letter of Capacity sounds like a good idea.  I need to share this tip with other agents at my office.  Hopefully, it will help boost sales!

Dec 16, 2013 11:42 AM #2
Ambassador
3,680,784
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

David, it really does make a difference to present an offer in person, especially if you don't know the other agent.

Dec 16, 2013 12:19 PM #3
Rainmaker
246,651
David Pylyp
RE/MAX Realty Specialists Inc., - Toronto, ON

Thank you all for your comments!

Patricia Kennedy, I truly believe that with a \face to face, contract on the table you will flush out an accord sooner than with faxes and emails back and forth.

Many will abandon an emailed or faxed offer if their first round is not acccepted.   They have convinced themselves Its the best for all concerned.

 

Jan 28, 2014 09:20 PM #4
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Rainmaker
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David Pylyp

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