This week's tip: How to Win in a Multiple offer situation.
- Write your best offer the first time - no regrets. What I always ask myself in this situation, if I lost this property over few thousand dollars, how would that make me feel.?! Go with your gut.
- Make sure you are working with a good lender who can provide a strong letter of approval letter. Listing agents are more comfortable with strong lenders. Give the sellers a date you'll be fully approved.
- Offer as much earnest money as possible and consider making it non-refundable.
- Offer a flexible closing date and terms. Maybe allow the seller to rent back or delay giving you possession.
- Write the sellers a letter -- explain why you want to buy their home and compliment them / their home.
- Don't expect closing costs to be paid. It's a possibility to add them to your mortgage, so consider that option.
1 comment:
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