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How to Win a Home in This Competitive Market

Tuesday, May 11, 2021   /   by Sandy Gabrielli

How to Win a Home in This Competitive Market

Here are three ways to become a stronger buyer in this competitive market.

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If you find yourself in a multiple-offer situation for a home you love, here are some steps you need to take to make sure you're the one that ends up with the home:


1. Offer more than the list price. In a strong seller’s market like this, you may need to go all in all at once. Your agent will run a CMA to further analyze the home and what you should offer. A very attractive offer is a winning offer in this market. 


2. Get pre-approved. A seller will not reject a fully qualified buyer to accept a higher offer from an unqualified one. Getting pre-approved also lets you know what your price point is to stay within your budget.

A very attractive offer is a winning offer.

3. Waive any unnecessary contingencies. Proceed with caution. While waiving contingencies can make your offer so much more attractive, it can carry some risks as well. You might end up with a home with a crumbling foundation or leaky roof if you waive the inspection. If you waive the appraisal contingency and the appraisal comes in low, you’ll be on the hook for the difference. Sellers are looking for clean, simple offers, and contingency timelines always come into play.


The biggest tip I can offer is to know when to walk away. If you can’t make this house your home, there may be one right around the corner that will catch your eye. 


If you have any questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.

 

  real estate

RE/MAX Professionals
Gabrielli Homes Team
4838 Sparks Blvd #102
Sparks, NV 89436
775-772-8097

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than RE/MAX Professionals are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2021 of Northern Nevada Regional MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than Sandy Gabrielli - Gabrielli Homes Team / RE/MAX PROFESSIONALS are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2021 of Northern Nevada Regional MLS. All rights reserved.
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