How to Handle Multiple Offer Situations

Today we're going to talk about handling multiple offers as a buyer and seller in today's market.

As a seller, you want to position your home to get the most offers and the highest price possible. The best way to do that is to ensure that you have the best product in today's market. Make sure that your home is going to appeal to as many buyers as possible. To do that, it's important that your home is staged correctly, marketed to as many people as possible, and priced correctly.

The market will dictate what your home is worth. If you price just below market price, multiple offers could drive the price over.

As a seller, when you get multiple offers, pay attention to the quality of the buyer. Anybody can write you an offer, but if they can't close, it doesn't matter how much they are offering. Make sure that the buyer is pre-approved and can close on the home.

As a buyer in a multiple offer situation, there are a few things you can do to make your offer stand out. Give them a clean offer. Make sure you're not asking the seller for very much. Sometimes not asking for closing costs can help. Make sure you're netting the seller the most money in this situation, and that you can follow through and close.

Those are just a few things for buyers and sellers to keep in mind during multiple offer situations. If you have any questions, or would like further advice, please give me a call or send me an email. I would be happy to help you!

How to Avoid Common Buyer and Seller Mistakes

Today I wanted to help you avoid mistakes that we see buyers and sellers make. Most of them are very easy to avoid, you just have to know what to watch out for.

One major mistake that I see home buyers make is trying to work directly with the listing agent. This is a bad idea because the listing agent represents the seller, and this puts you in a position where you can get taken advantage of. The listing agent is watching out for the interests of the seller, not for you. 

Mistakes that I see sellers making have to do with pricing their homes. A lot of sellers think that they can price high to begin with and then come down lower. The higher your home is priced, the longer it will sit on the market for sale. Buyers usually don't respond well to overpriced homes, so that's why it's usually recommended to price at or below the market value.

Of course there are a lot more mistakes that I see people making, so if you have any questions about these issues, please don't hesitate to reach out to me.