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As a buyer, there are a few things you can do to give yourself the best chance of winning in a multiple-offer situation:
- Get pre-approved. Thanks to low interest rates, homes are moving rather quickly. If you don’t know what you can afford to purchase, you’ll lose out. Sellers don’t want to wait for you to get your pre-approval, so make sure you have it from the outset.
- Be early to the game. In sports, you can’t show up at game time and expect to play well. You have to do the work first and be prepared. It’s very similar to buying a home—when we see something, we have to be there and be ready to put in an offer right away. The worst thing we can do is try to come in at the last minute.
- Put your best foot forward. When you’re writing offers, you can’t rely on winning by simply setting a high price. You have to think about your terms as well.
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I’d be more than happy to help you navigate these multiple-offer situations. If you’d like my guidance or you have any questions whatsoever, feel free to reach out to me. I look forward to hearing from you soon.
When we see something, we have to be there and be ready to put in an offer right away.
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