Here are two strategies to help buyers find success in our market.
I’m sure that you’ve heard about all the bidding frenzies we’ve seen in our market. Listed homes are currently receiving five, 10, or even more offers apiece. That has left many buyers wondering what they can do to increase their chances of getting their offers accepted and ultimately winning the house. Today I’ll share two methods that I have used to help my buyers secure a property.
One way that we help buyers is with an escalation clause. An escalation clause is a section of your contract that states you will pay a certain amount above any other offer but not more than a limit that you set for yourself. For example, if you were in a bidding war and one of your competitors offered $600,000 for a home, you could put a clause in your offer stating that you were willing to pay a certain amount over that offer up to a limit that you set.
Another way to differentiate your offer from another is to allow the seller to stay in the house for 30 to 60 days while they search for a new home. After all, most sellers in this market are also buyers—since homes are selling fast, they’ll likely need the extra time to secure a home for themselves.
If you’re interested in buying a home, don’t hesitate to reach out to me. I can schedule you a free consultation so you can learn how to navigate the process and ultimately purchase the home you want. Hope to hear from you soon!
