Multiple Offer Tips for Homebuyers

We are in a seller’s market right now, which means your offer might not be the only one made on your dream home. Luckily, there are some things you can do to ensure your offer beats the rest.

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If you’re looking to buy a home in the current market, you should be prepared to face a multiple offer situation. Today I’ll give you some great tips on how to make sure your offer is the one accepted and you end up in your dream home.

Getting an offer accepted isn’t always about the price of the house. There are other factors that go into winning a multiple offer situation.

First, you need to consider the seller’s time frame. Find out what their ideal time is to move out of the home and craft that into your offer along with the price. The more you play into the seller’s needs, the better off you will be.

There are factors besides price that go into winning a multiple offer situation.

The listing agent is also going to want to know that they are working with a seasoned agent who has a good reputation and a great lender who can get things done on time. Make sure you choose people who are well known and respected to represent you. If you have any questions, please feel free to give me a call or send me an email. I’m always happy to help.

How Is the 2017 Market Shaping Up for Sellers?

Due to rising interest rates and a depletion of inventory, now is the perfect time to put your home on the market.

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Want to buy a Loudoun County Home?
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We’ve been experiencing historically low interests rates, but that’s going to change moving forward in 2017. The Federal Reserve has already announced that they will raise interest rates this year by 0.5% to 0.75%. For every quarter of a percent rise in interest rates, that decreases a buyer’s ability to buy a mortgage by $25,000. This means we could see buyers losing purchasing power by $50,000 to $75,000 in the upcoming year.  

For you as a seller, this means that as the year progresses and interest rates rise, you’ll find buyers who have less ability to buy. For some people, it will make the difference between being able to afford a single-family home versus a townhouse.

It’s an ideal time to sell your home.

If you’ve had any thoughts of selling, 2017 is the year to do it, and you should put your home on the market as soon as possible. Buyers want to take advantage of these interest rates, and because we’re also experiencing a depletion of inventory, they don’t have much to choose from. That means there’s a significant chance that your home will generate multiple offers, which almost always translates into more money in your pocket.

If you’re interested in putting your home on the market or have any other questions, please don’t hesitate to give me a call. My team and I would be happy to help!

What Exceptional Tools Do We Have for Sellers?

Does your agent have the right tools to keep you in the loop during a real estate transaction? We do, and we’re excited to share one of our brand-new tools today. 

Want to sell your Loudoun County Home?

Get a free home value report

Want to buy a Loudoun County Home?

Search all homes for sale

Does your agent have cool tools to keep you in touch with your home sale every step of the way? We wanted to give you a little information today about one of the tools we have in our toolbox right now.

We are implementing a program that will provide sellers with a weekly report letting them know exactly what we have done to get their home sold.

"We keep our sellers in the loop at every stage."

Once we go under contract, we keep our sellers in the loop every stage of the way from contract negotiations to settlement details. We don't want to leave anything to chance and we want our clients to be informed every step of the way.

If you have any questions for us, don’t hesitate to give us a call or send us an email. After 29 years in the business, we have a lot of experience that we are excited to share with you. We look forward to hearing from you soon.