Stephenson House

How To Navigate a Market Where Multiple Offers Is the New Normal

An expert real estate advisor can help you navigate bidding battles with multiple offers. Expert real estate advisors are familiar with what has worked for buyers and what sellers want. They also know how to prepare you for making an offer. These are the three things you should remember to make the best offer.

1. Know Your Numbers

Your success in becoming a homebuyer is dependent on your budget. Working with a lender to get pre-approved for loans is the best way to learn your numbers. A pre-approval can show sellers that you are serious and give you an advantage. It is important to understand that an offer may not be sufficient to get the home at its asking price. Today’s homes often sell for much more than the listing price. A real estate agent can help you determine the market value of your home and the selling prices of similar homes in your neighborhood.

2. You must be ready to move quickly

Today’s competitive housing market is influenced by speed and pace of sales. It’s crucial to keep up with the latest listings and to be ready to move fast when homes sell quickly. Your agent can keep you informed about the most recent listings and help you to put together the best offer as soon you find the house you are interested in.

3. Make a strong, but fair offer

It is important to present your best offer when you are competing with other offers. Your agent can help you write a strong offer. They will also be able to advise you on the best levers to make your offer attractive. You can waive some of the contract contingencies that you have set for the seller in order to complete the purchase. You don’t want certain contingencies to be waived, such as the home inspection.

Bottom Line

Your agent will be your best resource to help you make an offer that is unique in a highly competitive market. Let’s talk about what you can expect as buyers and how to get started on your home search.

This post was written by Josh Dotoli! Josh is the owner of Josh Dotoli Group which is a laser-focused real estate team at Compass comprised of industry experts selling Fort Lauderdale’s best neighborhoods. This dynamic group is one of the top-selling real estate teams in South Florida with over $94 million in sales in the past 12 months alone. Looking for homes for sale in Rio vista FL we are the real estate team for you!

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