Competing Offers

Boy it's a tough market out there for buyers..... competing offers, over-listing price, financing, it's easy to get discouraged. Don't let the gloom and doom cast over the excitement of buying a house, of course its stressful, and easy to get discouraged, but here's a few things to consider when a seller has to decide amongst multiple offers.

What kind of financing do you have? Conventional loans are more appealing to sellers due to the timelines involved and less hassle to the seller.

Is your occupancy flexible? If you are able to negotiate or waive any occupancy fees after closing for the seller, this could make or break an offer

Is the purchase of your new home contingent upon the sale of another? This is very attractive to a seller because it minimizes the risk of it falling through due to a contingency release on your end, the last thing a seller wants to do is re-list after accepting an offer.

These are just some of the terms that can be flexible or negotiated to put your offer over the top! Of course the bottom dollar has a lot to do with a Seller's decision, they want as much as they can get for their house, but often there are risks involved to which the deal could fall through, a solid offer with a few of the above enticements could seal the deal and take you to the closing table!

As always if you have any questions about multiple offer situations, feel free to give me a call/text or email at anytime!

Jason Wood

586-899-6446

JasonWood.MIRealtor@gmail.com

www.JasonWoodMIRRealtor.com