Here are two strategies to help buyers find success in our market.
I’m sure that you’ve heard about all the bidding frenzies we’ve seen in our market. Listed homes are currently receiving five, 10, or even more offers apiece. That has left many buyers wondering what they can do to increase their chances of getting their offers accepted and ultimately winning the house. Today I’ll share two methods that I have used to help my buyers secure a property.Since homes are selling fast, sellers
will likely need extra time to secure
a home for themselves.
”One way that we help buyers is with an escalation clause. An escalation clause is a section of your contract that states you will pay a certain amount above any other offer but not more than a limit that you set for yourself. For example, if you were in a bidding war and one of your competitors offered $600,000 for a home, you could put a clause in your offer stating that you were willing to pay a certain amount over that offer up to a limit that you set.