How should you be handling multiple offers as a buyer or a seller? I get questions like this all the time from my clients, and today's blog is dedicated to answering those questions.
For buyers, writing the highest offer will not always guarantee you the home. The most important thing that you can do is to find out what the seller wants, and try to satisfy those needs. Do they need to stay in the home after closing? Do they want you to cover some of the closing costs? Find out what's important to the seller.
I also highly recommend getting pre-approved before you step into the home. You look better as a buyer, and you can find out what you can actually afford.
Now, if you're dealing with multiple offers as a seller, you should know that the best offer doesn't necessarily mean the highest offer. Your agent's job is to get you the highest offer with the best terms possible. This can be made possible by stirring up a bidding war, which will raise your final sale price.
If you have any questions about how you can compete in multiple offers, whether you're buying or selling, please don't hesitate to contact me!
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