These past few weeks have been extremely busy and in a hot market as we have been seeing, many houses are now again going to multiple offers. I have had clients who have lost out on homes due to not listening to professional advice and being afraid of “overpaying”
In market hotspots such as Old Meadowvale Village, Levi Creek, Churchill Meadows & Sheridan Homelands offers must be approached very carefully to ensure that you win in a multiple offer situation.
These include;
1. Come prepared with your best price but do your research carefully. Look at other properties in the area that have sold and their upgrades – compare with the property you are bidding on and know the true value of your potential home.
2. List Price doesn’t equal purchase price. Many homes in hotspots are priced fairly or even below market value to obtain multiple offers. Don’t bid lower than asking just to feel like you are getting a good deal.
3. Consider adding things to your offer to make it more appealing to sellers. Match your closing date as closely as possible to what the sellers need or include a generous deposit cheque to make your offer more attractive to sellers. Where offers are very similar, including these important elements may help you win the deal.
4. Listen to your Realtor®. They know the true value of the home and will work as hard as possible to get you the deal.
5. Ensure you are comfortable with your offer but do not miss out on a great home in order to save a few dollars.
Following these simple steps will ensure you win in a multiple offer situation and get into your dream house quickly.
For more information or to contact me with any questions please visit www.marianogigante.com or email me today at marianog@sutton.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment