How to Make a Strong Offer in a Multiple-Offer Real Estate Situation

Homeowners who are in the process of selling their home often receive multiple offers. For quite a while now, the Dallas/Fort Worth real estate market has been experiencing a very strong seller’s market when most properties listed receive a ridiculous number of offers in a very short period of time.

This can make it difficult to pick which offer is best and it is important to be aware of the different strategies that one can use when they find themselves in this situation. There are three things a person should do if they want to get selected by the homeowner: Offer the asking price or higher, do not include contingencies and be willing to pay all cash. Any of these three qualities will help your chances for being chosen by the homeowner.

1. Offer the asking price or higher

When a person offers the asking price or higher, they are telling the homeowner that they have done their research and that they are serious about buying the property. This type of offer shows that the buyer is confident in their ability to purchase the home and that they are not just wasting the seller’s time.

2. Do not include contingencies

When a person does not include contingencies in their offer, they are telling the homeowner that they are very serious about buying the property and that they are not just wasting the seller’s time. This type of offer shows the homeowner that the buyer is confident in their ability to purchase the home.

Contingencies are often things such as a home inspection or financing.

3. Be willing to pay all cash

multiple offersWhen a person offers to pay the asking price in cash it shows the seller that they are serious and confident about buying their home. It also lets them know that there is no need for any type of inspections since they have already been done by the buyer before putting an offer in

4.Ask your real estate agent about things that are helping make offers stand out right now

If you are in a multiple-offer situation, it is important to know what things are helping offers get accepted. Ask your real estate agent about the current market conditions and what you can do to make your offer more appealing to the seller.

When you are in a multiple-offer situation, it is crucial to present a strong offer. Keep in mind that market conditions can change at any time, so it is important to stay up-to-date on what is currently helping offers get accepted. Talk to your real estate agent about what you can do to make your offer more appealing and increase your chances for being the selected buyer.