If you have been following the current market, you know it is hot! This is great news for those looking to sell their home. For buyers, it can be a frustrating process if you go at it alone. Hearing the phrase “we have multiple offers,” is becoming the standard for almost every house a buyer sees. In a market of high demand and low inventory, quality homes can go quickly and you will need to move fast. Here are 5 winning tips to help you get ahead in this competitive market.
- Partner with a Jennifer Vick & Co. Buyer Specialist. Our team has the experience in a seller’s market to navigate through a multiple offer situation and use our strategies to come out on top. Our buyer’s agents would never encourage you to overpay for a property, but we can offer advice on how to make your offer stand out.
- Make a strong offer. Most sellers will initially look at the purchase price of the home. But, that doesn’t always mean the highest offer will be the winning offer. There are many factors that go into creating a strong offer that your agent will walk you through.
- Ask what the seller needs. The seller might need more time to move to another home. Or they may want a quick close. The offer that best fits the needs of the seller is the offer that will be victorious.
- Present a clean offer. In a competitive market, it’s not the time to throw in a lot of extras like closing costs, a home warranty, appliances, or furniture. It’s best to not ask for extras and keep the contract as clean as possible.
- Give it your best effort and keep moving forward. Present the strongest offer you can with a reasonable price that is within your budget. Offering more than you are comfortable with can lead to regrets later on.
If you are looking to buy this season, interest rates remain historically low. To ensure success in this market, our team offers a buyer consultation where we discuss more in-depth strategies to stand out amongst the competition. Let Jennifer Vick & Co. help you navigate the way to a winning offer and become a homeowner this season. Get in touch with us online at jennifervickco.com or call us at 704.284.7674.
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