Deciding To Buy A Fixer-Upper f you are a fan of HGTV, you have probably seen your fair share of fixer-uppers. TV shows tend to make everything look easy, especially home flipping or updating.
How To Win The Multiple Offer Game When You Are In A Bidding War
Hi, Prospective New Homeowner,
6-Step Proven Plan to Winning Seller Bidding Wars: How to Buy The Home You Want in Today's Crazy Market***
In today's marketplace of low housing inventory and sales prices often above listing price, most buyers are left asking the question, 'What does it take to get their offers accepted?" With new home builders increasing their building production to solve our low inventory problem, it still leaves buyer's guessing. Why? Because an existing home is almost $50,000 cheaper in some parts of the metroplex.
I recently represented a buyer that was looking to build a similar floorplan in the same area, and the builder was charging him $300,000 to build a similar square foot floorplan that he purchase on the existing market for only $250,000.
Which leads us back to the question: "What does it take to get a seller to accept one offer over the others in the stack?" Please find my 6-Step Proven Plan to Win Seller Bidding Wars:
Find a real estate expert in your market.
Hire him/her by signing a Buyer's Representation Agreement.
Listen to the professional advice given by your agent and follow it.
Increase your earnest money deposit.
Eliminate as many contingencies as possible, i.e. financing, shorten the option period, etc.
Submit a pre-approval letter from a reputable lender.
Submit a letter about yourself to accompany your offer, so the seller will be able to get to know you personally & can differentiate you from the other offers in the stack.
If you are looking to buy in the Dallas-Fort Worth-Arlington area, call me at 469-425-2801 or 817-500-6942 to schedule a FREE, NO-COMMITMENT buyer's consultation. In the meantime, you can search the MLS for free at www.missystarling.rocks or text 'missystarling' to 469.437.4651.
I look forward to hearing from you soon!
Missy Starling, REALTOR
Accredited Buyer Representative
Accredited Luxury Home Specialist
*** Individual results may vary.
I have been with Halo Group Realty since January 2014. I received my Real Estate Certification through Collin County Community College with honors. I am also a Home Staging Specialist working in the....