How to Make the Winning Bid in This Competitive Market

In this seller’s market, buyer’s are getting tired of being outbid on homes. I completely understand how frustrating and discouraging it can be, but never give up too soon. I like to tell my buyers that everything happens for a reason and that they will end up in the best suited home for them.

I recently read an article that was in the Sunday newspaper a few weeks ago called “Secrets to Making the Winning Bid”. Below are some of the main points covered in the article:

1. Be ready to make your offer quickly.

When you find the perfect house, you have to know it is the one and be ready to act on it.

2. Make your best offer first.

In this market, I like to tell my clients to go in with their strongest offer from the beginning if they really want the house. There is no guarantee that a buyer will receive a counter offer since your offer is most likely one of a few or several offers.

3. Keep your offer simple and accommodating.

I have seen many sellers ask for free occupancy after the sale, anywhere from a few weeks to a few months. Giving the seller a free rent back will help your chances of getting your offer accepted. In this market, many sellers fear they won’t be able to find a new home to move into by the time escrow closes. No one wants to worry they could be homeless!

4. Write a note to the seller.

This adds a personal touch to the offer and allows you to tell the sellers a little about yourselves and why you fell in love with their home. This note can sometimes win over the sellers. I have represented sellers that have chosen an offer that wasn’t as strong as another offer they received, but accepted the lower offer based on the connection they had with the buyers.  I can’t guarantee this works all the time, but it doesn’t hurt!

I hope this post gives you the confidence to continue searching for your perfect home. If you are looking to buy a home and would like my help, please contact me. I would love to assist you in your home search.

“Making your dreams a reality, one move at a time.”

Suzanne O’Brien

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About Suzanne O'Brien

The role of a real estate agent is to guide you through the buying and/or selling process and take the time to make sure you understand every step of the transaction. I am absolutely committed to fulfilling your needs with the highest level of professionalism, expertise and service. My commitment to listening and satisfying your needs are the foundation from which a solid business relationship is built. I realize that people do business with people they trust. I am interested in what is best for you, the client, and am committed to establishing a long-term relationship based on trust. In addition, real estate is often times very personal, about family and home and pride myself in developing relationships that now call clients my friends. I pride myself on being knowledgeable and staying current with the fast pace changes in the industry. I approach each clients’ needs individually and am constantly aware of current and upcoming inventory. My creative approach to the business has earned me wonderful associations with both clients and other real estate professionals. I am always working for you…I feel the responsibility to make your dreams a reality…one move at a time.
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