Real Estate Blog

These five tips will help you win in a multiple-offer situation.

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How do you make a winning offer in this seller’s market? Here in Clarksville, the real estate market is hot; we’re seeing multiple offers at or above list price on homes within days or even hours of them being listed. You want to make your highest and best offer because when sellers receive multiple offers, they can either disclose that to all the interested buyers, or just work with the ones they prefer. So here’s what you can do as a buyer to make your offer more attractive to win the home in a multiple-offer situation:

1. Sales price. Consider offering above list price or at list price with an escalation clause, which I’ve discussed in a previous video.

2. Closing costs. For the 12+ years I’ve been in the real estate business in this area, it’s been very common for the seller to pay all the buyer’s closing costs. However, this is starting to shift toward buyers paying some or all closing costs to win in a multiple-offer situation.

3. Closing date. Refrain from making your closing date more than 30 days from the day the offer is made unless another timeline works best for the seller. Have your real estate agent try to find out the best timeline for the seller.

Consider these points to win the house of your dreams.

4. Don’t ask for extras. Don’t ask for a home warranty, allowances, or for them to do things such as painting, replace flooring, provide new appliances, etc.

5. Make a clean offer. Leave out anything that may be an inconvenience to the seller or could affect their bottom line.

I know most of these tips aren’t very appealing to you as a buyer, but in the current market conditions, consider these points to win the house of your dreams.

If you have further questions about writing your best offer or anything else real estate-related, please feel free to reach out to us via phone or email. We would love to help you.