There are a variety of opportunities in the South Florida real estate market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.
Today, I want to discuss multiple offers and bidding wars. When you put your offer in and you know that there are competing offers on that property, you want to make sure that your offer is the most appealing.
In order to do that, you must get pre-approved. It's best to get approved by a local lender with a great reputation. That will truly give your offer an edge.
When it comes to the escrow deposit, don't just put down $1,500. If you really want the property, show them you really want the property. Put down as much of an escrow payment as you can.
Have all of your paperwork ready. Don't send in your documents piecemeal; have it all in a nice package so that the seller can respond to your offer immediately, instead of waiting on information from you.
Forget about lowball offers. Go in with your best offer to get the house. Lowball offers simply won't get you the property.
Finally, keep contingencies reasonable. Don't mark up the contract with a bunch of requests. Keep the contract as clean as possible.
If you follow these steps, you will have a great chance at getting the house that you want. If you have any questions about today's video, give me a call or send me an email. I'd be happy to help you!
