How Should You Handle a Multiple Offer Situation?

Want to sell your home? Get a FREE home value report 
Want to buy a home? Search all homes for sale 

A lot of people have been asking me whether cash is king when it comes to multiple offer situations. While cash is usually preferable to a seller, a cash offer is not always going to win.

This is because there are many other ways to structure offers so that you can win. If you're not a cash buyer but you're offering the same amount of money for the home, you can beat that cash offer with better terms. 

One thing that you can do to please the seller is allow them to choose the closing date. I've seen this work multiple times, and it really comes down to satisfying the needs of the seller. 

Having as few contingencies as possible is another way to strengthen your offer. Sellers don't want to get caught up in a situation where they're dependent upon you.

One last thing that can work wonders is if you write a letter that's personalized to the seller. Some people include a picture of their family and they explain why they want the home, and why they would be a good fit for the property. This can be a good way to make an emotional plea, and it often works.

If you have any other questions about this issue, or if you need help buying or selling real estate in Brainerd, please don't hesitate to contact me!

What's the Secret to a Successful Home Purchase?

Want to sell your home? Get a FREE home value report

Want to buy a home? Search all homes for sale

Today, we'll discuss the most common mistakes home buyers make, so that you don't fall victim to the same pitfalls.

• Asking for too much: One thing buyers often do that can hurt their chances of purchasing a home is asking for too many things in a purchase agreement. Keep the offer simple if you want to get your intended result. 

• Failing to get pre-approved: If you want to impress a seller in a multiple offer situation, you need to show them that you're serious. Submitting a letter of pre-approval with your initial offer is a must in a busy market!

• Putting too little money down: If you really want the house and can afford to put a large sum of money down, you need to do so. Sellers love buyers who are willing to put down a lot of money on their home!

Avoiding these things will go a long way toward ensuring a smooth and successful home buying experience. If you need help navigating the real estate process, or if you have any questions at all, give us a call or shoot us a quick email. We would love to help in any way we can!

What You Need to Know About Brainerd Real Estate

Want to sell your home? Get a FREE home value report

Want to buy a home? Search all homes for sale

Before you enter the real estate market here in Brainerd, I'd like to arm you with some good information in order for you to make better decisions when you're buying or selling. 

Overall we're seeing a seller's market right now, but we're also starting to see some new listings hit the marketplace. Interest rates have remained low (4%-4.25%), but there is a bit of worry that in September there will be a rate hike. It's expected to be a gradual increase, which is helpful for buyers who are still unsure about purchasing a home. 

If you are unsure of whether to buy a home this summer, I would highly recommend it because interest rates really cannot get any lower. You have the opportunity to save thousands of dollars in interest by locking in a low rate now.

Please contact me if you need any assistance with real estate in Brainerd!