Tips to win a multiple offer

Although it is the end of the spring market, there are still multiple offers everywhere.

I was lucky to be the winner of the last two bidding wars for my buyers. Here are some tips for buyers who would like to win the battle.

  • Be prepared. Once you put your heart on a house, you need to clearly express that with your agent so that he/she can communicate with the listing agent on the offer instruction.
  • Decide the max price that you are willing to pay. Ask yourselves at which point you will walk away without regrets. This will prevent you from over paying for any home when you are emotionally attached to the results.
  • Get ready for the conditions. While the seller’s always looking for a firm offer in multiple situations, as buyers, you need to know your limit. Make sure you are very comfortable if you need to remove any conditions from the purchase agreement.

I hope these tips can be helpful and you will be the winner of the next battle.

Rosy Zheng

Rosy Zheng

CENTURY 21 Leading Edge Realty Inc., Brokerage*
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