How To Win In A Multiple Offer Situation On A House| 6 Bidding War Tips
What happens when you submit an offer on your dream home and then you find out there’s four other offers. I have six tips to help you win your dream home, and we will get started right after this.
Hi everyone. Welcome back to my channel. I am Ledeana Strand with Homes By Strand, powered by RE/Max Town and country in Port Orchard Wa. If this is your first time here, please consider subscribing to my channel, and hitting that bell notification down below to be kept up to date on all things real estate in Kitsap County. Pro tip,you are going to want to stay until the very end of this video, as I will be sharing with you on how to get your FREE copy of my Ultimate Home Buyers Guide. So you definitely want to stick around.
Now, lets get started. Tip Number One, send your best offer so you don’t lose the home or over a few thousand dollars. Remember, to finance an extra two thousand dollars equals about $12 a month on the increased payment, or an additional 40 cents a day. Don’t lose your dream home over 40 cents a day.
Tip number two, write a clean offer. What I mean by this is the more you ask, the less chance of it being successful, meaning, asking for things like closing costs, because the market that we are currently in, you will be competing with people that have their own closing costs, also such things as home warranties, surveys, and adding special stipulations is not going to be appealing to the seller, and we are in a sellers market right now here in Kitsap county, so sellers are calling the shots.
Tip number three, shorten or eliminate contingencies including inspection, financing, or appraisal periods.
Tip number four. This one is super, super important. Have a responsive lender and a home inspector ready to go. Use a great lender that has already preapproved you and is just waiting for that contract so you can proceed quickly. I did another video recently on the biggest mistakes that home buyers make, and I talk about the pre-approval process. You can click above to check it out.
Tip number five, personalize your offer to stand out from the rest of the competition. I have a few different ways to make sure that happens and I’ll share that with you in person.
Tip Number six. Lastly, make sure your real estate agent is experienced with multiple offers situations, and knows the right questions to ask the listing agent, and also how to structure a winning offer. A successful buyer’s agent will also inform the listing agent with vital information so the seller has more confidence in his buyer’s ability to close the transaction. Look, knowledge is power and knowing what to ask, what to say, and then structuring an offer based on that information is a winning formula for a successful multiple offer outcome.
Ok guys, those are my 6 tips for winning your dream home, in a multiple offer situation. I hope you learned something new today. Please give this video a thumbs up and comment below. And if you guys enjoyed this video, please subscribe to my channel, and click that notification bell.
As promised, I have included the link in the description below for you to download your free copy of my Ultimate home buyers guide, that will walk you step by step through the home buying process. So, don’t forget to download it before you leave.
And I will see you on the next one. Make it a great home buying and selling day! See you soon.