One of the worst things that can happen during the Port Angeles home buying process is to finally find your dream home, only to discover that someone else is already bidding on it. When this happens, how can you win your dream house without losing your shirt in the process? In this article, I'll cover some of the more important points to winning a multiple offer property in [Profile.market2].

Tip #1 - Know Your Limit

It's tempting to increase your bid based on emotions during a bid war. Global as well Port Angeles Buyers are often willing to pay more out of competitiveness, feeling that something they want is being taken away, or just plain rationalization.

This trap can cost you thousands of dollars. Instead, do your comparative analysis of the properties nearby, choose the highest number you're willing to pay for this property and stick to it.

Tip #2 - Have a Port Angeles Real Estate Agent That Is Looking Out for You

Remember that real estate agents are paid based on the selling price. There are agents that will look out for you and have your best interest in mind, while other agents would rather increase their commissions by convincing you to place a higher bid. Not all Port Angeles Wasington real estate agents are the same!

It's important to have a real estate agent you can really trust during the process.

Tip #3 - Make an Impression on the Seller

Be more than just Buyer #2. Meet the Port Angeles seller and make sure they know what you love about the house. They usually love their house as well and want to sell to someone who'll love it just as much.

Have the seller know who you are. Even if your bid is slightly lower, a seller may sell you the property just because they like you.

Tip #4 - Remove Conditions

The less conditions you have on your contract, the better. Call up your loan officer and make sure you can get approved for the loan and remove the financing clause. The cleaner your contract, the more appealing it will be for the seller.

These four tips will help you bid on a property in [Profile.market2] without losing your shirt. Keep them in mind if you find yourself in a multiple offer situation.

There is a lot of free information available to you about buying, selling or investing in Port Angeles real estate. For complete information about the Port Angeles real estate market including, current homes for sale, property values, foreclosures, short sales, relocating information, …..Really….. Providing everything you need to know about Port Angeles Washington Real Estate ….Please visit my website at:  http://port-angeles-real-estate.com

Please feel free to contact me (Steve Edwards) at anytime. I’ll be happy to answer / address any questions or concerns you may have.  Call me… I can be reached on my cell at: 360-809-3064 or by email at steveedwards@olypen.com

I know your time is valuable and I’ll make every effort to respond to you within the hour….

As always, your privacy is – “100% guaranteed”.

Thank you for your time!
 
Steve Edwards

Comments

Printer version

 Tags: Port Angeles Washington Real Estate, Agent, Home, House, Seller, Buyer, Steve Edwards, Windermere

Article's Author

,

Contact