sign the contract, there’s no way to make amendments without renegotiating and signing a new one.
WHAT IF THERE ARE MULTIPLE OFFERS?
In a seller’s market, you’ll probably have competition for the house you wish to buy. Sellers might be considering several offers at the same time. They will make their decision based on the best offer. If they have multiple offers the seller might send a multiple counter offer to all of the buyers that offered, asking for the highest and best offer. Sometimes best doesn't only mean the highest, the seller is also looking for the offer with the highest possibility of closing. A bigger down payment, closing sooner than normal, or an offer with complete documentation of the buyer's financial situation. You, as a buyer, won’t know what the other offers are. The best way to protect yourself from multiple offers is to make your offer better and more complete than the others. Sending a preapproval letter for the amount offered will be a good start to becoming the seller’s choice. Also, let the seller know the financial options you have. Some mortgage conditions and funding programs are more attractive and may influence the seller’s decision. Bid close to listing price or even a little above if you really want the property, think that it is worthed and you can afford it. There isn’t much sense in offering significantly less in a seller’s market. Doing this will save you time on the ongoing counteroffering process. It would be helpful to review the contingencies list. The fewer clauses you have there, the more attractive your offer seems to the
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