Want to sell your home? Get a free home value report
Want to buy a home? Search all homes for sale
Generally speaking, writing a personal letter to appeal to the sellers emotions can never hurt, but unless you are up to par on your terms and price, it won't move you up to the front of the line. It could, however, tip the scale in your favor if the offer is close.
You should always be prepared in a market like this, so you can make an offer fast. Being able to compete means making an offer at the drop of a hat. You can't do that without being pre-approved.
If you receive multiple offers within the first few days of listing your home, you should seriously consider them. Those first buyers are the most motivated and the most ready to act. Those first offers are usually your best. The best offer may not always be the one with the highest price, but the one that gives the seller what they want.
If you have any questions for us, feel free to give us a call or send us an email. We would love to hear from you!
Want to buy a home? Search all homes for sale
Welcome back, today we are discussing multiple offers. In our current market, we are seeing multiple offers quite frequently, which is a consequence of having more buyers in the market than homes. In the $100,000-$125,000 price range, we have a 2.5 month supply of homes. That means if no other homes came on the market, the homes currently available would sell in just 2.5 months. An average market supply is around 6 months.
Although price is always important, there are other important terms and conditions to consider in a contract, including the following questions:
Although price is always important, there are other important terms and conditions to consider in a contract, including the following questions:
- Is the buyer paying in cash, or with financing?
- What kind of financing do they have?
- Is the buyer asking for seller concessions?
- How soon is the buyer ready to close?
- Is the buyer willing to have a late closing?
- What about inspections and a home warranty?
Generally speaking, writing a personal letter to appeal to the sellers emotions can never hurt, but unless you are up to par on your terms and price, it won't move you up to the front of the line. It could, however, tip the scale in your favor if the offer is close.
You should always be prepared in a market like this, so you can make an offer fast. Being able to compete means making an offer at the drop of a hat. You can't do that without being pre-approved.
If you receive multiple offers within the first few days of listing your home, you should seriously consider them. Those first buyers are the most motivated and the most ready to act. Those first offers are usually your best. The best offer may not always be the one with the highest price, but the one that gives the seller what they want.
If you have any questions for us, feel free to give us a call or send us an email. We would love to hear from you!
No comments :
Post a Comment