How Homebuyers Can Get Around Bidding Wars - Shawnluong Team

How Homebuyers Can Get Around Bidding Wars

Here are two ways buyers can beat the upcoming real estate rush.

Today, I want to address the common concern about finding a home amidst the current competitive market conditions. Many of you have expressed hesitation due to the high demand for homes. I recommend waiting until the Dream for All 20% Down Payment Assistance Program launches in early spring 2024. However, there will probably be a lot more competition by then. To overcome the challenge of bidding wars, I have two solutions for you:

1. Off-market homes. Explore homes that are not officially listed but are available for sale. Motivated sellers might be open to negotiating terms directly with you. This approach allows for more personalized terms without the pressure of competing with numerous bidders.

“I collaborate with new home builders who plan releases in early spring.”

2. Dream home custom order. I offer a custom order program where we define your ideal home specifications, such as location, size, amenities, and school district. This tailored approach ensures you get exactly what you’re looking for. By starting this process early, we can identify sellers who are ready to sell before the program starts, giving you a competitive edge.

Additionally, I can collaborate with new home builders who plan releases in early spring. This strategic timing allows you to sign a purchase agreement, submit it to the California Housing Finance Agency, and register your property to take advantage of the 20% down payment assistance. Many new home builders offer fixed-rate incentives, providing further benefits.

Act quickly to initiate the custom order program, allowing 30 days to prepare and locate suitable properties. This proactive approach positions you as the first and potentially only buyer, facilitating negotiation on terms aligned with the Dream for All program requirements. If you have questions about how this works, just call or email me. I’d love to hear from you!


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