4 Tips to Winning a Multiple Offer Situation

Huerkamp Home Group Minnesota Real Estate Podcast

What can you do to ensure your offer gets accepted in a multiple offer situation? There are four things we have our buyers do to ensure their offers beat out the rest.

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How do so many of our buyers win in multiple offer situations? We find out exactly what the seller is looking to get out of the property, and it doesn’t always come down to price. Here are a few things we recommend homebuyers do when crafting their offer:

1. Get pre-approved by a well-known lender. Being pre-approved is very important to sellers. We even have your lender call the seller’s listing agent to make sure they feel comfortable about your financial situation, which makes a huge difference.
2. Write a letter. Sellers love a personal touch, so writing them a letter stating what you love about the house or how you can see your family living there will make your offer much stronger.
3. Look at the overall terms of the agreement. This is something we help our buyers with. We look at when the seller wants to close and what type of financing you have, as that could make a difference to some sellers.
4. Make the largest down payment possible. The bigger the down payment and earnest money amount you present in the offer, the better.

The bigger the down payment, the better.

If you have any further questions about winning a multiple offer situation or if you have any other real estate-related questions, please feel free to give me a call or send me an email. I look forward to hearing from you.