• Be Calm. Do not express too much of an interest! Most specialists agree that when sellers see how much you want this house to become yours, they won’t accept your first offer. To avoid a counter offer, you should always play it cool, no matter how perfect this property is for you. • Think like a Seller. Change your perspective. Take a different look at this situation. Imagine you must sell this house in two, five or ten years. Will it be possible, or does it lack some basic features that the housing market considers essential? • Do Not Expect the Price to Lower After Inspections. Bid lower than you can pay, and make your final offer with the most comfortable price you can afford. Repairs after the inspections will, most likely, not cost the seller millions. • Sign Cautiously. Make sure you acknowledge all terms and realize all liabilities before you sign any documents. Your offer to purchase is a legally binding contract and should be treated as such.
WHAT IF THERE ARE MULTIPLE OFFERS? FFERS?
In a seller’s market, you will 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. They may also choose to work with one potential buyer and only send counter-offers to them. You as a buyer will not know. The best way to protect yourself from multiple offers is to make your offer better than the others. A strong pre-approval letter, being flexible with closing dates and a higher earnest money deposit are all good places to start, to becoming the seller’s choice.
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