the best offer. They may also work with one potential buyer and only send counteroffers to them. You, as a buyer, won't know! The best way to win in a multiple-offer situation is to bring your best and final offer first. Don’t expect to get a counteroffer. If a seller gets ten or more offers, he or she will just choose the best one. So, try to make your offer as attractive as possible. Attach a pre-approval for the mortgage, and let the seller know your financial options – for example if you plan to put down a 20% down payment, let them know. Some mortgage conditions and funding programs are more attractive and may influence the seller's decision. Depending on how hot the seller’s market is, bid the asking price or at least close to it. Again, in 2020/2021, people offered more than asking price in their first offer. There isn't much sense in offering significantly less if you’re in a seller's market. It would be helpful to review your contingencies list. The fewer clauses you have, the more attractive your offer seems to the seller. However, it's recommended not to remove the home inspection. If you do, then this means the seller won't be liable for any uncovered issues with the house, and you'll have to pay for the repairs on your own. Showing your intentions by making a sizeable, good earnest money deposit and down payment will usually convince the owner of your commitment. This may finally tilt the balance toward your proposal. Negotiating the price is a very stressful period in the home- buying process. You're unsure what the results are or how much money you'll spend. In any case, keep in mind that the owner is interested in selling his home, and you're willing to buy it. The more the market moves in favor of the buyer, the better your chance to negotiate.
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