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Buyer Advice: Don't Give Up When Up Against Another Offer

 

Buyer Advice: Don’t Give Up When Up Against Another Offer



Buyers, don’t give up just because you are up against another offer. THAT is exactly how you lose your dream house.

 

Buyer Advice: Don't Give UpMany times when a buyer realizes that they have competition, they just quit. WHY?

 

Here are a few examples:

 

  • I don’t want to get in a bidding war.

  • I am not going any higher. I don’t care. Let's just see what happens.

  • I will not change a thing. That other agent is probably just saying that.

 

You do not have to get in a bidding war. Simply make your final and best offer. You don’t have to go any higher. Are there other things you could change in the offer that might make it more appealing?

 

Since this post is focusing on what you can do BESIDES offer more for the property. Let’s take a look at a FEW things that you could do to improve your offer WITHOUT going up on the price.

 

  • Offer to pay title insurance

  • Offer to pay for the survey

  • Remove the request for a home warranty

  • Increase the amount of EARNEST money

  • Increase the OPTION FEE. (THAT really shows that you are serious.) Want to show them that you are even MORE serious. Don’t credit it back to you at closing. OR -- if you've talked to inspectors already and KNOW it can be inspected quickly, lessen the number of days for your option period.

  • Offer the sellers a week after closing to move out at no cost to them except their utilities (which will switch over on the day they move out.)

  • Remove any contingencies that you are able to.

 

There are tons of ways that you can improve your offer without going UP on the contract price. The very worst thing that you can do is NOTHING. Review your offer to see if there is ANY thing that you can do to improve it. THEN, if you lose it to the other buyer, you know you gave it your best shot. If you win it, there is a good chance it is because the other buyer just gave up!



Before you by in the Huntsville or Lake Livingston area give me a call! I'm Joni Staples and you can reach me at 936-650-9017! Let me put my 11+ years of Huntsville / Lake Livingston Area real estate experience to work for YOU!

 

Buyer Advice: Don’t Give Up When Up Against Another Offer

 

This has been brought to you by YOUR Huntsville / Lake Livingston Area real estate professional. Before you buy or sell, call Joni Bailey at (936) 650-9017. I look forward to earning your business and exceeding your expectations. Broker Associate with Berkshire Hathaway Home Services - Anderson Properties. Mike Huff, Broker.  BerkshireHathaway Hom Services is a member of the franchise system of BHH Affiliates, LLC. Each office is independently owned and operated.

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TEXAS REAL ESTATE COMMISSION INFORMATION ABOUT BROKERAGE SERVICESJoni Staples, Broker Associate BHGHRE-AP (936) 650-9017

 Copyright (C) Joni Bailey     (936) 650-9017  www.LivingLakeLivingston.com

 

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Comment balloon 24 commentsJoni Bailey • July 08 2015 06:40AM
Buyer Advice: Don't Give Up When Up Against Another Offer
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