Multiple Offers
Having to call someone and let them know the house they wanted is no longer available is always tough to do. I can empathize with them, having seen it first hand way too many times. Unfortunately the market we’re in dictates that if you want the house, you have to put your best foot forward. And you can’t hesitate for even a day, because someone else could beat you to it.
One may think that getting into a multiple offer scenario is something they want to avoid, but it doesn’t always mean the buyer is paying over and above the asking price. There are a number of ways to make your offer more attractive without feeling like things are getting out of control. ie. increase your deposit amount, match your closing day to the date desired by the Seller, etc.
But sometimes you need to take a step back, and reconsider the situation. It’s easy to get caught up in the moment, and the possibility of a new home can be exciting, but there will almost always be another one. You can and will fall in love with something else; it’s just a matter of time. :-)
Call me to learn how to come out a winner in multiple offer scenarios!
Posted by Szabolcs Pall
on August 31, 2009