Al and Cal Homes and Community: Winning at Multiple Offers Tips to Beat the Competition

Winning at Multiple Offers Tips to Beat the Competition

Winning at Multiple Offers Tips to Beat the Competition

Here were are once again back to multiple offers depending on the price range that is.

In Franklin MA and many of the surrounding communities properties that are priced under $325 and are in good condition are flying off the "shelves"!     

Sellers are loving it, and Buyers are dreading it.

So, What's a Buyer to Do?winning hand

  • Be in a relationship.    With a buyers agent that is.   They will call you as soon  as a home that fits your needs hits the market and sometimes even before!
  • Get on an email update list.   Do not rely on searching just any web site for homes hitting the market.    Instead, get your Realtor to put you on their hunt list.  This way you see what they are seeing and nothing will slip through the cracks.
  • Get a strong Pre-approval letter.  Do not wait until you find a home that you want to see before you find out if you can afford it.   A good pre approval from a reputable lender, when submitted with your offer, will make your offer stronger.
  • Make an appointment to see the home as soon as possible.    Don't wait for the weekend if you can help it.
  • Be ready to make an offer.   Be ready emotionally to make a decision.    Know the areas that you like ahead of time and be realistic on what is truely important to you.   Recognize that there are always trade offs and be willing to act immediately.
  • Put a compelling offer together.    Think, price, terms, conditions.   That means a realistic price based on comparable sales, the best terms you can muster up.    Instead of $299,900 offer $300,000.   I know it sounds cheesy, but it can nose out the competition.        Keep the contingencies to a minimum, and in most cases don't ask for anything that you don't really need.    Clean and simple.
  • Make it personal.    Write a letter of introduction and tell the Seller who you are and that you like their home.    It will put a personal face on your offer and just might be the thing that tips the scales in your favor.  
  • Be ready to counter offer if needed.   Respond as quickly as possible.  Do not "sleep" on this.  Move this offer together and get to the next step.    In a multiple offer situation, many times the seller will respond to all offers asking for your "best and final".     Be prepared ahead of time for that.    There are times when you might bid over the asking.
  • Be available for signatures.    Either electronically or in person.   The offer needs to be signed and in writing for it to be considered binding. 

REMEMBER.... your offer is not considered a binding contract until all parties have agreed to and have signed it!    

When you have a house to sell

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About the author

Carol-Ann PalmieriCarol-Ann Palmieri, a full time Real Estate professional in Massachusetts for the past 24 years along with Al Mussi have helped hundreds of families find, sell or purchase new places to live.

A former US Marine, she grew up in Walpole, MA...  is committed to the serving the community through various volunteer opportunities.   She attended MA Bay Community and Suffolk University and is committed to constantly updating her Real Estate education. 

Licensed in MA and RI...

Al and Cal's primary areas of service Franklin, Bellingham, Medway, Millis, Medfield, Norfolk, Wrentham, Plainville, Blackstone, Walpole, Milford, Holliston, Hopkinton, Mansfield, and Foxboro, North Attleboro, Hopedale, Mendon, Millville but have resourses to help anyone, anywhere....

Her mission....  To exceed your expectations!

Carol-Ann Palmieri

Al and Cal Realty Group

Remax Executive Realty

www.AlandCal.com

 

Cal@AlandCal.com

 

508-494-9061

 

Comment balloon 13 commentsCarol-Ann Palmieri • July 24 2012 05:04AM

Comments

Good morning, Carol Ann..... great post.... that's the list that will lead to a win.... like your new photo too...

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) almost 6 years ago

Carol, a great list here that was put together, the only thing i see that is missing is a hammer. You need to hit them over the head a few times before it sinks in. This of course in our area with prices under 200k and especially under 100k. Forgeabouit

Posted by Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA (Winston Realty, Inc.) almost 6 years ago

Carol Ann: This is good advice.  With multiple offers, both buyers and their agents must be prepared or they will lose out.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) almost 6 years ago

Hi Barbara.  Thanks.  I don't know when someone flipped the switch, but there is stiff competition out there for some homes.  

Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) almost 6 years ago

Hi Winston.  Funny, but true!   

Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) almost 6 years ago

Hi Anita.   You are right it applies to not just buyers but agents as well.  Being prepared is my motto!   Thanks for reading!!  

Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) almost 6 years ago

Terrific post Cal, you gave some great suggestions for those looking to buy a home.

Posted by Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales a (Ocean View Realty Group in Ormond By The Sea Florida) almost 6 years ago

CAL!!! OMG...I just read the new tag line...I am sure I must have known it before, but forgot??..Semper Fi!! so proud to know you!

 

Here is another post of yours that deserves a Big SUGGEST...thanks again for bringing your integrity to this table.

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) almost 6 years ago

Thanks Al!   Appreciate the comment.

Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) almost 6 years ago

janeAnne!   You are so sweet!   Thank you for checking in and hitting the S. 

Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) almost 6 years ago

Hi Cal,

Yes a very good list and excellent advice about being very pro active especially when the market moves to be mainly a sellers call the shots market place. I will suggest..

Posted by Robert Bob Gilbert, Your Katy TX ( West of Houston) Real Estate Expert (Berkshire Hathaway HomeServices Anderson Properties) almost 6 years ago

Carol Ann, great job as usual...and great advice.  And I like your new summary bio section. Cool.

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) almost 6 years ago

Great post that is sure to win for any buyer that has Carol Ann representing them in a house purchase...she has all Aces!

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) almost 6 years ago

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