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How to Win a Multiple Offer Situation

Buying a house can be very difficult. When buying a house, not only is a buyer competing against other buyers, but many times is also in competition over the seller’s ideas. If the seller wants a certain amount for their home or has their mindset on something specific, many challenges can arise in the process. Don’t worry, Raleigh Cary Realty is here to help!

4 things to help you win a multiple offer situation are: Buying a home in Cary NC

  1. Due Diligence. The Due Diligence deposit is money is written directly to the seller and they are to cash it right away. It is the most important deposit in showing you are serious about buying the home. It is the seller’s money to keep regardless of you buying the home once you agree on a contract. It is you paying for the Due Diligence period to make sure the home is right for you in Appraisal, Inspections, Insurance & Bank Approval.
  2. Earnest money deposits. An earnest money deposit can go towards the down payment & other closing cost but more importantly, it also shows the seller how serious you are in buying their home. The money is not the sellers to keep until after the Due Diligence expires and you do not purchase the home.
  3. Loan pre-approval. Approving a loan can be an extremely painful part of buying a house. Most sellers hate dealing with waiting on loans. Presenting a loan pre-approval shows that the buyer is prepared to buy the house quickly and easily.
  4. Make a generous offer. If the buyer can, putting an offer in a little bit above the listed price is extremely appealing in multiple offer situations. On top of that, if the buyer does everything we talked about in this reading, they are guaranteed to get the house.

At Raleigh Cary Realty, we are experts in the real estate market in the Triangle. We have a lot more tricks up our sleeve to make sure you win any multiple offer situations. Contact us today for help finding your home.

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Our agents write often to give you the latest insights on owning a home or property in the Triangle area.