Tips for Winning a Bidding War – How to Help Your Buyers Win
In this seller’s market, providing real estate buying tips for panicked shoppers who’ve had their dreams knocked out from under their feet with the reality of multiple offers is integral to cinching the sale, and ensuring the right buyers – your buyers – walk away happy.
How Can You Help Buyers One-Up the Competition?
These unexpected tactics have been known to win-over home sellers – without prompting a bidding war and the further bleeding of buyer bank accounts:
Work Your Connections
What unique items do you have access to that your seller might love? Do you know a high-end shoe designer? Landscape architect? Have easy access to Broadway or sporting event tickets? Coming back with these incentives in the event of more than 1 offer can seriously jazz-up yours.
“Move” Things Along
Offer to pay for moving services for your seller, making a connection and taking some of the stress out of the huge undertaking of moving.
Visit the Toy Store
Does the seller have kids? Butter them up too.
“Sweeten” the Deal
If the opportunity arises to meet the seller face-to-face, don’t waste it. If you’re returning for a second viewing, bring a sweet treat as a thank you for their inconvenience, and the privilege of viewing their home. While you’re there, be sure to comment about specifics you love about the house, and the ways in which you and your children will enjoy it as well. These seemingly simple gestures can make a huge impact.
Don’t Mess with Mortgage Contingencies
Waive the mortgage contingency. “Acceptable financing” is relative, giving buyers an easy out. Home buyers should have pre-approval for what they can afford, so no contingency is another way to beat the competition.
Be a Little “Cheesy”
Throw-in a cute family photo with your offer letter. It’s hard to say no to adorable kids/pets.
Smash the competition with the real estate buying tips and technology from PropertiesOnline today.
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