How To Win A Bidding War In Real Estate

Want to know a secret?
It’s not always about price....
Whether I'm on the buyer side or the sales side, there’s one thing for sure… price is not the only factor we consider when writing or reviewing an offer.
While many sellers are concerned with getting the highest price on their home, sometimes there are other circumstances or motivations that will take priority over a negligible difference in price.
For example, some sellers have a specific timeline they must adhere to…
If they need to close quickly so that their proceeds can be applied to their next purchase, they may value an earlier closing date.
If they need more time to find their next home, they may value a rent back period over a slightly higher offer price.
Who you use for your loan, can make a difference also. The power of a local lender combined with a local agent can be powerful.
It all depends on the specific circumstances of the seller and the only way to know what’s motivating them is for your real estate agent to do the extra, thoughtful work of finding out.
This can make all the difference in multiple offer situations — which are only going to continue to increase as we head in the spring.

So, if you’re planning to buy anytime soon, it’s time to find an agent who can help you prepare and represent you well in this market that is heating up.
DM me to set up a time to talk.
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