When You Aren't The Only Offer On A Home

By
Real Estate Agent with Long & Foster Real Estate, Inc., Annapolis MD 21403 DRE# 319853

When You Aren't The Only Offer On A Home

 

Our home market around Annapolis is brisk. Homes are moving fast as inventory is low. When this happens it means more than ever that Buyers need to be prepared. You see  there is no guarantee that your offer will be the only offer. So what's the best way to prepare you might ask? There are many but I will list the top three that need to be considered front and center.

More than one offer1- Have all your financing lined up. Be pre-approved with only a property needed for you to complete the paperwork. The stronger your financing is the stronger you are. Oh and that means using a local and reputable lender. Someone who your agent has worked with before and knows his/her abilitities is the ultimate way to go

2- Reach deep and put your best foot forward with a nice size good faith deposit. If the standard is $2000 consider putting $5000 down. It shows committment and clarity as to your obligation to close. Even upping $1000 makes a huge difference as you are stepping forward with confidence.

3- Though asking for closing assistance from the seller would be awesome, in a multiple offer or brisk market that is usually not possible. Be open to paying some of the Sellers closing instead. By offering to pay the Sellers side of the Docs and Transfer, for instance, will ultimately give the Seller a larger bottom line and that is what they are looking for.

 

Ultimately be prepared to give your best from the beginning knowing that if it is does not work out that you are satisfied with what you offered. No shoulda's allowed when the market is brisk.

On a brighter note I have always, and I mean always, found that when one house is lost it is because the best home has yet to surface.

And when it does you will be so glad you are able to buy that one instead.

 

To learn more about purchasing a home in a brisk market give me a call. I would be delighted to show you all the ways available to put your best foot forward in today's market.

 

When You Aren't The Only Offer On A Home

 

 

 

Posted by
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About the Author Martha Brown- As a third generation Annapolitan I love to write about my experiences in and out of the real estate market. Licensed since 1992 all with Long & Foster I am a Certified Residential Specialist (CRS) and a Seller Representation Specialist (SRS) whose passion is homes in the Annapolis MD area and surrounding communities. My goal is to help my clients understand the real estate market and to then make sound real estate decisions. 

 

Martha can be reached  at 410-260-2800 ofc or 

martha@homesaroundannapolis.com.

When searching for Annapolis area homes for sale

there is no better place than

www.HomesAroundAnnapolis.com

 

Have a real estate question?? 

 Ask Martha

 

 
         Bringing 'Peace of Mind' since 1992                  
 
All Photographs and/or written material and content produced by Martha Brown. All Rights Reserved and may not be reproduced or reprinted without express written permission of

Martha Brown of Long & Foster Real Estate.

320 Sixth Street

Annapolis, MD 21403

410-260-2800 office

410-440-7839 cell/text  

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Comments (6)

Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Martha

This is so right on target. Buyers need to be prepared, in a number of ways, to compete effectively in our busy market with multiple bids. All buyers should read this!

Jeff

Apr 21, 2017 12:19 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Martha. This is wise and absolutely true to. If you don't win, there will be another.

Apr 22, 2017 08:29 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Good entry Martha Brown 

'give your best from the beginning knowing that if it is does not work out that you are satisfied with what you offered.'

Apr 23, 2017 03:14 PM
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Presenting one's best foot forward is a showing of one's desire to negotiate from the very start.

Apr 24, 2017 12:26 PM
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Great tips, but this is my favorite:   On a brighter note I have always, and I mean always, found that when one house is lost it is because the best home has yet to surface.

And when it does you will be so glad you are able to buy that one instead.

Have a great Saturday! -Kasey

Apr 29, 2017 08:44 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Hi Martha, That would make most sellers very happy, having a buyer pay part of the seller's standard closing costs. It is usually all about the bottom line.

May 01, 2017 08:03 PM