• Sign cautiously. Make sure you acknowledge all terms and realize all liabilities before you sign any documents. Once you sign the contract, the only way to make changes is through an addendum or amendment and there's no guarantee the seller will be willing to sign or agree to the changes.
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. You, as a buyer, won’t know. The best way to protect yourself from multiple offers is to make your offer better than the others. Easier said than done, especially when you have no way of knowing what you are competing with. Firstly, make sure your preapproval is up to date. A seller will not even consider an offer without a preapproval attached. The offer you make will describe your financing type and terms. Some mortgage conditions and funding programs are more attractive and may influence the seller’s decision. Bid close to, at or above 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. It would be helpful to review the contingencies list. The fewer clauses you have there, the more attractive your offer seems to the seller. However, it’s never recommended to remove home inspection. 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. Unfortunately, in a seller's market, buyers
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