• Be calm. Don’t express too much of an interest! Most specialists agree that when sellers see how much you want their house to become yours, they won’t accept your first offer. To avoid a counteroffer, 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 the situation. Imagine you must sell this house in 2, 5, or 10 years. Will it be possible, or does it lack some basic features that the housing markets consider essential? • Don’t expect the price to go down after inspections.
WHAT IF THERE ARE MULTIPLE OFFER TIPLE 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. They may also choose to work with one potential buyer and only send counteroffers to them. The best way to protect yourself from multiple offers is, of course, to make your offer better than the others. Receiving a pre- approval for the mortgage will be a good start to becoming the seller’s top choice. Also, let the seller know the financial options you have – for example, if you plan to put down 20%. Some mortgage conditions and funding programs are more attractive and may influence the seller’s decision. Bid close to the listing price. There isn’t much sense in offering significantly less in a seller’s market. Doing this will save you time on the ongoing counteroffer process.
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