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Winning In Multiple Offers!

4/25/2017

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Many of our clients are excited about the state of the market and yet they are questioning what happens if they find themselves in a multiple offer situation. Clearly multiple offers can be stressful for buyers as well as for sellers; let’s focus on the buyer side of things for now. You have found your perfect “place to call home” and you are ready to write that offer… Then… You find out there are other buyers who also want to call this property their home! Yikes! Well, fear not, there are several things we can do to make your odds of securing the home more likely!
  1. Write it clean and be non-contingent. Coming in contingent, asking for closing costs and trying to get a better price in multiple offer situations is not advisable, in most cases. We always evaluate the market before writing an offer, and it is likely that if several buyers want the property, it is priced right.
  2. Ask about preferred closing timeline. Does the seller have a preferred date for moving? Can you be flexible? This is a term that will often come into play when the seller reviews offers and if you can be flexible, you just might win!
  3. Write a “love letter.” It can be seen by some as cheesy, but to a seller with a lot of emotion and many memories tied to the property, letting them know a bit about you and why you love the home can be a game changer (add a picture for extra effect!).
  4. Hire a proactive buyer’s agent. A good agent will not just email over an offer with no word of explanation or rapport building. Listing agents want to know who they are going to be working with. A great buyer’s agent can build a relationship with the listing agent that will encourage them to feel comfortable working with them, and with your offer, over others that they know nothing about. They do not want the deal falling apart, so a proactive buyer’s agent shows they will work hard to make the transaction a smooth one.
  5. Offer over list price?? Sometimes, when you know a property is possibly even underpriced, or there is high competition, you may have to write your offer for over the listing price, if you are able This is case by case, yet can be a necessary step in winning.
There are many other helpful tricks we use to win in multiple offer situations and each scenario is different. We endeavor to find out as much as we can ahead of time to ensure we are structuring the best and strongest offers for our clients and we have had great success in winning for our buyers! Call us today to find out how we can structure your move and make it a successful one where we handle all the details and close with smiles.

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ASG Market Update April 2017: Low Inventory

4/14/2017

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How the low inventory in our current market applies to you!
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Target Field

4/13/2017

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We are at the Minnesota Twin’s Home opener enjoying the game and trying some of the new food available this season!
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We Don’t Want To Be Homeless!

4/12/2017

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Many of our clients are realizing that now is a fantastic time to make the move they have been thinking about; however, when we come to the “logistics” discussion, they freeze. Many of our move up buyers have a home to sell and therefore the discussion around contingent offers ensues. Let’s look at a couple of scenarios that may provide options for purchasing the right home with a non-contingent offer and get your move moving!
  • Get ready to sell quickly – In this scenario, you have your current home show ready and we have you preapproved to purchase the next home while still owning the current home. If you qualify for this, we write a non-contingent offer to secure the new home and as soon as we have that contract solidified, we list the current property and sell it quickly and we may even be able to coordinate closing dates so that you can access the equity from the first home for the closing on the second!
  • Buy first, sell a few days/weeks later – What if you have to close on the new home before you can access the equity from the current home? There are mortgage programs that allow you to put a minimum amount down and close on your new home, and will allow you to “recast” the loan, allowing you to put the rest of the down payment into your loan terms in order to lower the payment and reduce or remove private mortgage insurance. Call us and we will connect you with the right people to discuss this option.
  • Sell first and find a home quickly – Many of our clients prefer to sell their current home and ask that the buyer to agree to a longer closing period so they have time to find the next house and close both on the same day. If inventory is not too tight in the location and price point you are looking at, this can be an easy option.
  • Sell first, rent, then buy – Sometimes money is tight and inventory is tight and yet you know you want to move. It may be that if you want to net top dollar, a “sell first and short term rental” option might be just the ticket. Though you will have to move twice, this option gives you the freedom to find the right home in your own timing.
When inventory is tight, we must get creative, so call us if you would like to discuss options to make your upcoming move a smooth as possible-we are happy to help!

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ASG Buyer Bulletin April 2017: I have to Sell my Home Before I Buy A New Home

4/10/2017

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​Are there options out there if you need to sell your house before you buy? Watch this video for some ideas that might help!
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ASG Seller Summary April 2017: Coordinating Your Moving Date

4/10/2017

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Closing and moving out of one property into another can take some creative timing. Watch here to hear some useful tips to make your move a smooth process!
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Woodbury, MN Buyers
Woodbury, MN Sellers
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Keller William Premier Realty
Angela Sadat Group
License #40448611
651-246-2739 Contact
[email protected]
635 Bielenberg Dr #100, Woodbury, MN 55125
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  • Home
  • About
    • Meet Angela
    • Meet the Team
    • Testimonials
    • Client Events
  • Buyers
    • Buyer Resources
    • Home Search
  • Sellers
    • Seller Resources
  • Blog
  • Contact