Multiple offer situations are becoming more and more common here in Texas. I’ve got some advice to share with you that will help you get the home you want if you find yourself in a situation like this as a buyer.
Don’t wait to see what other people are going to offer. In a multiple offer situation, the seller has a ton of options. They can counter every offer, reject every offer, or accept one right off the bat. Go with your gut and put your offer in right away.
To make your offer stand out among others, there is a lot you can do. One thing would be offering a good sales price. A lot of times I tell people that if they really like a house, they need to put their best foot forward. That goes with earnest money too. Put down a minimum of 1% to show the buyer you are serious. Another thing you can do is shorten the number of days in your option/inspection period. Sellers will know you are more serious if you ask for five days as opposed to seven or 10.
“Put your best foot forward if you like the home.”
A qualified professional will be able to help you make your offer desirable in additional ways. They can advise you on what kinds of terms to offer in regards to the sale price, earnest money, option fees, closing costs, asking for a survey or not, and many other aspects of the contract. A good agent will research and ask the listing agent questions ahead of time to make sure the offer you present is the most desirable.
If you have any questions for me, don’t hesitate to ask. I am always here to take your call or respond to your email. I look forward to hearing from you.