How to Win in a Multiple Offer Situation

by | Apr 2, 2012 | How to Guides, Market Reports

As the housing market starts its recovery home buying is getting more competitive. Here to share his secrets on winning multiple offers for buyers is our real estate expert Nick Krautter from Keller Williams and sellpdx.com.

Q. What’s the biggest myth about multiple offers?

A. The biggest myth is price. The highest price doesn’t always win. There are so many factors in an offer that matter as much as price.

Q. What are the other big factors?

A. It’s critical to know if the seller wants to sell quick or have time to find their next house. You don’t want to offer to close in 2 weeks if the sellers need time and vice versa.

Q. What about secrets to winning that aren’t on the offer?

A. Trying to communicate who you are as a buyer is important. A photo and a letter to the seller go a long way. I’ve heard of people sending videos of themselves. At the end of the day you need to write a solid offer and do what you can to stand out from the crowd.

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