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Today, we discuss something we've seen a lot lately here in Orlando: multiple offers.
Properties listed at $160K and under are often receiving multiple offers. When representing a buyer, we suggest writing a clean, concise contract if you are looking for homes in that value range. You want your offer to be to the point, typewritten so people can read it, and with as few, if any, contingencies as possible. Finally, you also need to offer the right price as well.
If the home is priced right and is in a hot market, you need to be competitive by submitting a competitive offer. How do you know how much to offer in these situations, you ask? Well, it really depends on how much the buyer wants the property. You at least need to come in at full price and above if you want to get your offer accepted.
To learn more about how you can win out in a multiple offer situation, or if you have any interest in joining Premium Properties, give us a call or shoot us an email. We would love to chat.
