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How to win the house when there are multiple offers. The lack of inventory combined with low interest rates means that we are in an extreme seller’s market but also that it’s a great time to buy a home. Multiple offers and bidding wars are common especially on some of the better and more competitively priced homes. The best homes for sale in the Atlanta real estate market and around the country frequently have multiple offers. This added competition makes it difficult to get your offer accepted by a seller.
When you get into a bidding war with other buyers on a house, it’s not always the offer price alone that wins the house. Other terms can make your home more attractive to a seller as well. In this video, I will share with you the 7 very tips we discuss with our clients to give them an advantage and win the house in the very competitive Atlanta real estate market.
0:00 7 Tips To Win A House With Multiple Offers
1. 1:29 Get pre-approved, not prequalified
2. 2:27 Offer the seller possession after closing
3. 3:16 Use an escalation clause
4. 5:31 Agree to pay $X above the appraisal if it comes in low
5. 6:29 Write a letter to the sellers
6. 7:10 Purchase the home as-is
7. 9:16 Write a clean offer
More detail can be found on each of these steps in the video, some of these ideas can be used together to make an even stronger offer.
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