The number of homes under contract this month is up 89% compared to last month and the number of homes that have actually sold this month is up 44% compared to last month. That’s a lot of new activity, and a lot of those homes sold with multiple offers.
Unfortunately, I’ve had people come to me feeling pretty defeated after they lost their dream home to a stronger offer, which is why I wanted to give you some great tips on how to make your offer stand out.
First, find out if there are any terms favorable to the seller. It’s not always about price. The seller may want a shorter or longer escrow or need a lease back option while they find a new home. Adding in that flexibility can really push your offer to the top.
Second, hire a real estate agent that has a really good reputation in your market. Sellers and their agents are more likely to work with a buyer that has an agent that they’ve heard of, know, and trust.
Third, offer what you’re willing to pay for a home. In this type of seller’s market, the last thing you want to do is try to get a deal. A home may sell for a price you’re willing to pay while you’re holding off to submit a best and final price.
If you have any questions about buying a home in a competitive market or if you have any other real estate questions, feel free to give me a call or send me an email. I’m always happy to help!