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Today I just wanted to talk with you for a moment about a trend we are seeing with Athens home buyers. As the days go by, we are seeing more and more of our buyers involved in multiple offer situations.
The reason for that is pretty simple, supply and demand. We are finding that in many price ranges and areas, there are simply not very many good homes for sale. This creates buyer interest and buyer activity. When a home does come on the market, there are multiple buyers waiting and diving in after it.
Multiple offers are a great thing if you’re a seller, but not so much if you’re buying. So, what can you do as a buyer in order to win out against other offers? Here are our best tips.
First things first, make the best offer you can. At least this way, you know you gave it your best shot. Price is the most important thing for most sellers, but terms are also very important as well. For example, if you can pay cash, that allows the seller to know you’re serious about buying and your offer isn’t contingent on any financing. Other terms you could manipulate in the seller’s favor include having a shorter inspection period and closing as quickly as possible. If the house is occupied, it makes sense to work with the seller on when they would like to close.
At the end of the day, it’s about the money, but it can be about more. There are a lot of different things you can do with terms and contingencies in a contract in order to make your offer strong. If you’re working with a professional agent, they will be able to tell you how to structure your deal so that your offer is its strongest.
If you have any questions for us, please give me a call or send me an email. I’d be glad to answer them for you.
