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How Buyers Can Win in a Seller’s Market

Today I’m going over a couple ways that buyers can still win in this crazy seller’s market.

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We are in a crazy seller’s market right now, which is making purchasing a home very difficult. In fact, one couple put in seven different bids on seven different houses and didn’t end up with any of them. They finally got an offer accepted on their eighth choice.

So what can you do to ensure you end up with a home you love? We have two tricks to crafting an offer that will put you ahead of the curve.

First, we add in an escalation clause. In a bidding situation, we present your best and final offer, but the escalation clause states you are willing to pay a certain amount over your best and final offer should another bid beat you out.

Getting rid of contingencies is one of the best ways to strengthen your offer and make it stand out.

Second, we get rid of all contingencies. In a balanced market, a buyer could get away with putting in a contingency based on the inspection or agreement by the seller to pay closing costs. However, that’s not going to fly in this market. Getting rid of contingencies is one of the best ways to strengthen your offer and make it stand out.

Another way to win in this market is by getting a helping hand from a qualified party. For example, there were a couple of kids who really wanted to buy a house. Their parents had the cash to help them, so the parents bought the house and the kids bought it from them. It was just a simple matter of refinancing.

If you want to use our 35 years of experience to help get you into a home or if you have any questions, please don’t hesitate to give me a call or send me an email. I’m always happy to help!

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