Buyers, How to make winning offers in a HOT market

By
Real Estate Agent with Resort and Second-Home Specialist REALTOR Broker #21673

You found the house you really want. But you know your market is HOT and there may be competing offers.

What can you do to have the best chance of winning if there are multiple offers?

Highest price does NOT always win!

Ask your Realtor what factors are most important to make your offer most desirable to the sellers. Price is one of them but your agent may know other things that are even more important.

 These are a few tips on what to do to make your offer a winner in a hot market. 

  • Offer ALL CASH. An offer that is not contingent on any financing is a big advantage.
  • Can't make an all cash offer? Put as much cash as possible into your down payment. 40% down may win over 20% down.
  • Discuss all contingencies with your agent. Waive any that are not essential to you. Fewer contingencies can give the seller more certainty and a faster closing.
  • Offer the shortest escrow period possible. Ask your agent - and your loan officer if your are financing - what they advise for the shortest escrow period. 
  • Be available for texts/calls/emails after your agent makes your offer. Sometimes a quick response can seal the deal!
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Please call or email me if you are considering selling or buying a property on Kauai. I work with a sales team that are experts at helping you make the right move!

 

Kathleen Luiten, REALTOR Broker                                                                         

808-346-3081

CENTURY 21 All Islands

 

Email: kathleen.luiten@hawaiimoves.com                                                                       

www.kathleenluiten.hawaiimoves.com  

Don't just dream, call Kathleen!

 

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Rainmaker
1,351,051
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Good reminder that "terms" are as important as price points.

Jun 07, 2016 08:46 AM #1
Rainmaker
1,593,132
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Kathleen Luiten Always true information and rules to follow in our strong Sellers' Market. Great post!

Jun 07, 2016 11:03 PM #2
Ambassador
4,255,879
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Kathleen

These are excellent tips for competing in our sellers' market. Buyers need to not just think in terms of offer but the terms and conditions. Working with the right Realtor, such as yourself, can help buyers position the best possible offer

Jeff

Jun 12, 2016 09:45 AM #3
Rainmaker
275,632
Susan Jacobsen
The Alliance Group Realty - Hilton Head Island, SC
20 Years Providing WOW Real Estate Service

Kathleen - such good tips! When I present the offer to the seller I NEVER start with the price. The rest of the contract is so important and this post is a great presentation to help buyers understand there's more than the $$$$$

Jun 12, 2016 09:58 AM #4
Rainmaker
270,938
Don Hess
KW Elite Keller Williams 1280 Plaza Blvd. Lancaster, PA 17601 - Quarryville, PA

Great advice for Buyers. When I'm on the Seller side I encourage my sellers to consider the implications of the entire offer, not just price. 

Jun 13, 2016 03:25 AM #5
Rainmaker
1,267,512
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Kathleen Luiten 

Really good post. Hope you have a wonderful weekend. 

Jun 18, 2016 01:08 AM #6
Rainmaker
832,819
Sheila Newton Team Anderson & Greenville SC
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
Selling the Upstate since 1989

wonderful post with some great advice... you are so right, it is NOT always about price!! 

Jun 20, 2016 01:06 PM #7
Rainmaker
5,892,599
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good advice for prospective home buyers.

Have a great day and an outstanding week.

Jun 20, 2016 09:37 PM #8
Rainmaker
672,350
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Kathleen, it's an exciting time to be discussing how to win offers after the past 7 - 8 years. This is great advice! Sellers are often looking for more than just price!

Jun 21, 2016 04:34 AM #9
Rainmaker
1,230,687
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Excellent tips for Hot market.  Cash talks!

Jun 28, 2016 10:50 PM #10
Ambassador
2,083,293
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

GREAT information! Being available and reachable during negotiations is vital! You would be surprised how often clients make and offer and then don't answer their phone for hours!

Jul 02, 2016 05:15 AM #11
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Rainmaker
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Kathleen Luiten

Kauai Luxury Ocean Home Sales
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