Blog Buyer Offer Wars ~ Winning Bids!

Offer Wars ~ Winning Bids!

By Bonnie Roseman, February 10, 2020

How do you get the seller to pick your offer?

Winning Multiple Offer Strategies

You just walked in to a house that feels like home right off the bat. You love the filtered light and would have chosen the finishes yourself. It seems too good to be true… Okay, maybe it is not totally perfect, but it is by far the very best place you have seen within your budget. Now what?!

The trouble is that lots of people like similar places and if your heart is throbbing for this gem of a property, in all likelihood you will have competitors. How do you fight to win?

Let’s be honest, nearly every seller is moved by the bottom line, but there is often more to the story. This is not to say you can overcome the obstacle of an offer with a significantly bigger price tag, or someone with a pile of cash when you have worked hard to save up a modest down payment.

There are, however, lots of things that can sweeten the deal enough that if your offer is neck and neck with another, or maybe even a bit lower, might make all the difference and get you the house you want so badly.

Here goes:

1. Show your finances are solid by including your pre-approval letter from a local lender that is well respected in the community and if you have a large down payment include proof of funds (don’t share your account number).

2. Write a sincere, authentic and heartfelt letter to the seller. Make it short and sweet. Express your appreciation for the homeowners and their property, share a few details about yourself that show who you are and include a fun pic or two (kiddos- canine, feline and human, or other species, make great subjects).

3. Work with a great buyer’s agent in that frequently does business in the area where you are shopping. Relationships in the industry can be critical. You are relying on your agent to communicate well with the sellers’s agent and be someone they are eager to work with. Visit prospective agent’s Zillow, Nextdoor, or other profile pages online to see their recent activity. Check agents out on Peer Reputation to see how colleagues view them, as well as reading reviews from consumers online.

4. Get advice from your agent about the myriad details that can make a difference. Consider some examples-

  • Tighten up your inspection contingency by shortening the time frame, etc.
  • If you’ve received the Seller’s Property Disclosure you can elect to waive the associated contingency if you are confident about your purchase.
  • Increase the dollar amount of your initial earnest money deposit.
  • Find out the seller’s ideal closing and possession dates and give them what they want.
  • Can you let go of the requirement for the property to appraise for the sales price?
  • There are many tweaks that can make a big difference…

5. Get creative! What can you bring to the table that others cannot?

Have questions? Let’s talk!

Bonnie Roseman

Principal Broker, Earth Advantage + ADU Specialist

Since 1991, she's been delighted to assist clients in navigating the ever changing housing market: whether selling a first home or the family home, looking for a starter pad or a forever habitat, downsizing, resizing or buying and selling investment property. Having a symbiotic connection with your real estate agent is key and will help ensure a great experience. Bonnie enjoys consulting with potential clients to discover their wishes and goals, confirming the right client-agent match. Smooth transactions are the target; however, there can be unexpected bumps getting to the closing table. Bonnie excels at finding creative solutions to any mishegoss that pops up and she takes pride in an extremely low sale fail rate. A little more about Bonnie: born in Philly, raised in Berkeley, mom to an incredible young woman; her home is filled with both furry and scaly creatures, the daily driver is all electric, equality is the only pathway; she's embraced veganism for the earth, the animals and her health. Like credentials? Sweet, here you go:
  • At Home with Diversity Certificate
  • Earth Advantage Broker + ADU Specialist
  • Senior Real Estate Specialist SRES)
  • Certified Residential Specialist (CRS)
  • Five Star Professional Award (9 years)
  • Homelight Top Producer and Top Buyers' Agent
  • Nexdoor Neighborhood Favorite
  • Member of the National Association of Gay and Lesbian Real Estate Professionals (NAGLREP)
Saving the best for last, Bender, her little second chance rescue pup from SoCal is likely to tag along. He’s snuggly, pretty cute and has jumped paws first into the real estate industry. #pet mama, #dog lover, #cat lover, #animal lover, #empty nester, #Leaf driver, #progressive, #SE Portland, #Hawthorne, #97214, #97215, #97202, #97232, #97201,#97206,#97210,#97211, #97212, #97217, #envronmentalist, #local
Read More
  • T: 503-515-5973
  • bonnie@livingroomre.com

You might also enjoy

Why Picking up the Phone Pays Off

Gabrielle Enfield

Hi Readers! Call me old school, but I like talking on the phone. I leave voicemail....

NOPO STATISTICS: TIME ON MARKET + SALES PRICE

Aryne + Dulcinea

North Portland is an excellent Portland locale!  Close to downtown, Northwest Portland, Vancouver Wa, Sauvie Island,...

Taste is Subjective

Steve Buchert

When my seller couldn’t afford to stage the relatively inexpensive vacant 70’s condo, I did it...

Leaps of Faith

Gabrielle Enfield

Hi Readers! By now, you probably realize I really enjoy writing and sharing the stories of...