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#undercontract #represendingbuyers #AskPWR #PWR #multipleoffersituation #lastasking1.45m #luxuryrealestate #galtoceanmile #fortlauderdalebeach (at L Ambiance Beaches) https://www.instagram.com/p/CZ6rWodLImSL7d-rTVZm9Bp-hxj7kmMGF8tk380/?utm_medium=tumblr
#undercontract#represendingbuyers#askpwr#pwr#multipleoffersituation#lastasking1#luxuryrealestate#galtoceanmile#fortlauderdalebeach
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🏡🙏🏼 #SOLD! A huge belated congratulations to my #Chesterfield #investmentproperty buyer clients who successfully closed on this great cape-style home near the brand-new #ReamsRoadElementary earlier this month. Finding the perfect 👌 property for their growing rental portfolio took patience & they wrote a great offer to beat out 14 other offers in a #multipleoffersituation! 🔥 #Thankyou for your trust (again) & for always putting your #trustintheprocess! It is an honor to be your #RVA #Realtor (for the 3rd time now!) ❤️ #SoldRVA #RepeatClient #Closed #rvainvestors #teamworkmakesthedreamwork #TeamRVA #trusttheprocess #FromtheCitytotheSuburbs #RVAExpert #RVAExperts #BHHSPenFedRealty #BHHS #BHHSPenFedRealtyRVA #BerkshireHathawayHomeServices #RVARealtor #multipleoffers #multipleofferwinners #firstclosingof2021 #loyalclients #loyalclientsarethebestclients❤️ (at North Chesterfield, Virginia) https://www.instagram.com/p/CKAMKDtFJ72/?igshid=1b4l5ac3bdfut
#sold#chesterfield#investmentproperty#reamsroadelementary#multipleoffersituation#thankyou#trustintheprocess#rva#realtor#soldrva#repeatclient#closed#rvainvestors#teamworkmakesthedreamwork#teamrva#trusttheprocess#fromthecitytothesuburbs#rvaexpert#rvaexperts#bhhspenfedrealty#bhhs#bhhspenfedrealtyrva#berkshirehathawayhomeservices#rvarealtor#multipleoffers#multipleofferwinners#firstclosingof2021#loyalclients#loyalclientsarethebestclients❤️
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We worked on this remarkable home for weeks, if not months, to prepare for market! And boy was it worth it! From decluttering to staging to top notch marketing & a non-stop crazy busy Open House launch, resulting in numerous multiple offers right away! Thanks for our sellers for listening to all our recommendations! Next up: Inspections! 🔬🔨🧹🛁🔑 #justlisted #multipleoffers #multipleoffersituation #undercontract #undercontract‼️ #cashbuyers #homeinspection #inspection #pool #acreage #spa #summerkitchen #bbqgrill #saltchlorinatedpool #guesthouse #tropicallandscape #sixcargarage #twodriveways #cornerlot #countryestate #twilight #marketingstrategy #socialmediamarketing #digitalmarketing @town.of.southwestranches @southfloridahomewatch @sfvirtualtour @matoukinteriors #thepickteam @coldwellbankerwestonfl #coldwellbankergloballuxury #cbgloblaluxury #southwestranches #horses #barns https://www.instagram.com/p/CFk7mSJgMCD/?igshid=uru7j2tqt6hm
#justlisted#multipleoffers#multipleoffersituation#undercontract#undercontract‼️#cashbuyers#homeinspection#inspection#pool#acreage#spa#summerkitchen#bbqgrill#saltchlorinatedpool#guesthouse#tropicallandscape#sixcargarage#twodriveways#cornerlot#countryestate#twilight#marketingstrategy#socialmediamarketing#digitalmarketing#thepickteam#coldwellbankergloballuxury#cbgloblaluxury#southwestranches#horses#barns
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I am so proud of our client Aaron! Only 21 years old and he just sent the earnest money check for his 2nd home! We super appreciate this shout out Aaron! Thank you so very much!!! . Because King County home inventory is down 31% from 1,985 homes for sale in Dec 2016 to 1,387 in Dec 2017, and currently over 1,100 new residents moving into Seattle King County per week, the rental market shortage is not far behind. . Now more than ever, the knowledge, competence, speed, and skills, that your agent possesses is what will dictate the type of experience you will get in this type of market. . If you've been frustrated in the past and want to get real, measurable and tangible results like Aaron, please reach out to our team! We just helped him beat out 4 other buyers for this lovely home and saved him a bunch of time, money and frustration! Please let us know how we can help you, a friend or loved one! . #soldbythecastroteamre #johnlscottkmsrenton #firstimehomebuyer #multipleoffersituation #seattle #kingcounty #realestate #competentnegotiator (at The Castro Team - Real Estate Professionals)
#firstimehomebuyer#seattle#multipleoffersituation#realestate#soldbythecastroteamre#competentnegotiator#kingcounty#johnlscottkmsrenton
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Tips to help win in a bidding war situation
In a seller’s market, it is extremely common to have multiple offers on a single property. Buyers find themselves making offers on many different homes before they are finally able to win the bidding war. This leads to a lot of wasted time, stress, and frustration for the buyer. While price is one of the biggest deciding factors when a seller decides to pick an offer, there are still several strategies a buyer can use to make their offer more attractive and increase their chances of winning once they have maxed out their purchase price.
Here are my top three tips to help you win your next bidding war.
1. Submit a pre-approval letter or proof of funds with your offer
A seller wants to know that the buyer will not have any issues getting financing once the offer is accepted. Accepting an offer and then having it fall through weeks later is a nightmare for the seller. They have wasted valuable time and energy and must start the process all over again. Having a pre-approval letter from your lender will put the seller’s mind at ease.
What can be an even bigger advantage is removing the financing condition all together. This can be done if you have enough funds to cover the price of the property. You would simply provide a proof of funds resulting in one less condition that can make the offer fall through.
2. Offer ideal terms for the seller
The terms stated in the offer are also very important for a seller. They might want to sell as fast as possible as they need the proceeds of the sale to pay for the next home they are moving to. Having the deed of sale and occupation date sooner rather than later might help your chances.
The sellers may not have found a place yet, or are only planning to move months down the road. These sellers will have a perfect date in mind for the deed of sale and occupation to make their lives easier, and to potentially save money.
Besides closing dates, you must respect the seller’s inclusions and exclusions. Do not ask for extra things in the seller’s home such as their appliances. Not only will this have a financial impact, but a psychological effect as well. Leave the inclusions and exclusions as is.
The best way to get to know the ideal terms for the seller, is to ensure your real estate broker has a conversation with their real estate broker. The seller’s broker will gladly communicate the best terms for their clients.
3. Build a relationship with the seller
Now I am not saying to go meet them in person or have a telephone conversation, but having the seller get to know you can really increase your chances that they choose YOU, not just the offer.
I suggest a few different strategies to build rapport with the seller. First, you can write them a letter speaking about yourself and why you love their home so much. Do not start talking about how you intend to renovate or change the property in any way. Also mention how you intend to contribute to the community. Selling a home is an emotional process and sellers want to know their home is in good hands and that they are leaving their neighbours (potentially good friends) with a great new neighbour.
To level up your letter, you can make a short video, less than a minute, which speaks directly to the seller. The content can be the same as the above-mentioned letter. This will help them put a face to the offer.
Lastly, have your real estate broker go present the offer. They are your best representative and advocate to not only clearly present the terms of the offer, but to also sell YOU. They will make sure to highlight you and all the great terms you have included in the offer that benefits the seller.
If you simply have your offer emailed to their broker, it will simply be words and numbers on a pdf. The seller will not be emotionally tied to you in any way.
Bonus tip! Offer the seller free rent.
Here is one last pro tip that is a little more creative. A lot of sellers want to sell as fast as possible to get the equity out of their home for their next purchase, but they do not want to necessarily feel pressured to move out right away. You can offer to go to the notary within a relatively short period of time, but then only occupy the home at a later date. It is customary in Quebec to start paying ‘rent-back’ if the occupation date is more than seven to ten days after the deed of sale. Imagine giving the seller a few extra days or even weeks to get their personal affairs in order all while living rent free! This can take a huge load off the seller and save them money. There are several ways this type of deal can be structured, yet I just wanted to highlight the possibility of offering rent back for free or at an attractive rate.
I sincerely hope utilizing these tips will be able to help you get the home of your dreams without losing it to another more attractive offer in a bidding war. If you have any questions or need any advice, please feel free to call, text, or email me anytime.
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Inspection Day for these most excited and happy buyers of our gorgeous listing in The Lakes, Weston. With multiple offers, they were so beyond thrilled to have been the “chosen”! #inspectionday 🏡 #inspections #justlisted #multipleoffers #multipleoffersituation #multipleofferwinners #lakefronthomes #pool #newfeatures #gatedcommunity #westonfl #westonflorida #realtorlife #realestateagent #realtor #happybuyers🏡 #listingagent #listingagents #listingagentlife #hotmarket🔥 #stagingworks #homesweethome #homestaging #westonflhomes #westonfloridarealestate #lifelongclients #bigyard #fencedyard #whiteinterior #thepickteam (at Weston, Florida) https://www.instagram.com/p/CP_ftSVrD2H/?utm_medium=tumblr
#inspectionday#inspections#justlisted#multipleoffers#multipleoffersituation#multipleofferwinners#lakefronthomes#pool#newfeatures#gatedcommunity#westonfl#westonflorida#realtorlife#realestateagent#realtor#happybuyers🏡#listingagent#listingagents#listingagentlife#hotmarket🔥#stagingworks#homesweethome#homestaging#westonflhomes#westonfloridarealestate#lifelongclients#bigyard#fencedyard#whiteinterior#thepickteam
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This was such a long time coming and a success story filled so many challenges, stumbling blocks, setbacks and frustrations. However by keeping their faith in God, trust in the process and relentless trust in our team the Pardo Family has finally crossed the finish line! Congratulations on winning your well deserved home that you can call your very own! Home is where the heart is, the place where we create our life and the sanctuary where we draw strength and our relive our sweet memories from. Thank you so much for your Navy service uncle Othello and auntie Edna! We appreciate and honor servicing you & your family 😊 . @castro_team @aaang_ @albiem1@justiceproducer #thecastroteamre #johnlscottkms #firstimehomebuyer #multipleoffers #multipleoffersituation #multiplehouses #howtowinmultipleoffers #hireagreatrealestateteam #teddylimrealestate #teddysellshomes (at The Castro Team - Real Estate Professionals)
#firstimehomebuyer#multipleoffers#multiplehouses#hireagreatrealestateteam#thecastroteamre#teddylimrealestate#howtowinmultipleoffers#teddysellshomes#johnlscottkms#multipleoffersituation
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