The market here in Mansfield is extremely active and we’re seeing a lot of multiple offers happening. This is why I thought I would shed some light on this topic, as a lot of my clients have been asking about it. There are different strategies that buyers and sellers can take when faced with this problem, and I’m here to tell you about them.
“Sometimes the best offer is the one that has the highest likelihood of closing.” The important thing to know as a buyer is that your competition will be fierce, but this doesn’t mean that you don’t stand a chance. Sometimes a personalized offer can help push you to the top of the list. Sellers are always more comfortable choosing a buyer that they can relate to, and one that they know will be taking good care of their home. Writing a note to them explaining why you want the property can help a lot, but I’ve also filmed videos with families, and that can be helpful too.
If you’re a seller in a multiple offer situation, it’s important to have patience as we expose your property to a large audience of buyers. When you do get multiple offers, you want to ensure that the offers are from pre-qualified buyers, because they’re serious about purchasing a home. Cash offers are also good, but you just want to see proof of funds. However, sometimes cash is not the most important, sometimes the best offer is the one that has the highest likelihood of closing. Every seller has a different motivation, so sometimes it’s also just a matter of what works f