Script: HOW TO WIN IN A MULTIPLE OFFER SITUATION

[JOE AGENT] again with Berkshire Hathaway HomeServices PenFed Realty Texas & want to quickly touch on something that we see quite often recently in our current real estate market…multiple offers, & specifically, how to win in a multiple offer situation.

One of the best ways to gain the favor of the seller is to become flexible to their terms and this isn’t limited to just the sales price. This can mean being lenient to their ideal closing date or even offering to pay closing costs traditionally paid for by the seller.

Ensuring you are pre-qualified to purchase the home is a key piece that sellers are looking for when sifting through multiple offers. If you’re paying cash, provide proof of funds with your offer to let them know you mean business.

If you know it’s a multiple offer situation, put your best foot forward to make a great first impression. Your first offer may be the only one you get to submit when it comes to a multiple offer situation. Oftentimes, if a seller gets an offer that is really good off the bat, they might just go with that one rather than negotiate with any others.

The real estate market is very strong and multiple offer situations are common. However, some of my buyers simply don’t want to deal with multiple offers and I completely understand that philosophy. I will ensure you know about homes that are coming soon, but not yet on the market so that we can eliminate the feeding frenzy when a hot home hits the market.

Another to win is when you partner with me as your agent you can take advantage of our Cash Offer program. Cash offers are 3x more likely to win and through our Cash Offer program, we’ll use our funds to make an all-cash offer on the house on your behalf. Then, as soon as the property closes, we sell the home to you at the same price we purchased it plus a program fee as low as 1%-1.5% of the home purchase price.

While all these things don’t guarantee we won’t run into a multiple offer scenario, it greatly reduces our chances.

If you’re looking to gain a competitive edge as a buyer in our current market or would like to learn more about our Cash Offer program, give me a call & let’s discuss your unique situation. I would be honored to help you find your next dream home & if needed, win in a multiple offer scenario.