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 under priced, 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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"We can't move; we bought at the height of the market!" Yes, we are working with many clients who think that they have mortgages that exceed what they could sell their home for, and they come to us feeling hopeless. "Is there anything we can do? We just had another child and need more space..." “We have too much space and we want a smaller home that really fits our current needs..." We can help! Did you know that the lending laws have loosened to open up opportunities for this group? Yes! There are now programs that give a homeowner the ability to rent out their current home and use up to 75% of the rental income as income to qualify for their next home-no waiting period. What an opportunity! Also, the market has improved so much in the last 3 years, that many of our clients who thought they could not yet make their move are now able to do so. We have helped many families to build their dream home, move up, or move to smaller/more manageable spaces in 2017, and 2018 is looking great for a move, as well! Investors? This may apply to you, as well. Our lenders want to work with you to complete your portfolio (or to start it!). Wouldn't it be great if you could start your investment plan and in short time be able to qualify to buy multiple properties, rather than just one? Call us if you are thinking about investing in real estate! This time in real estate is full of massively unique opportunity for investors and home owners alike. Call us, and we would love to discuss how these “open doors” can grow your real estate opportunities, whether you are making a move or looking to invest! “We can’t move; we bought at the height of the market!” Yes, we are working with many clients who think that they have mortgages that exceed what they could sell their home for, and they come to us feeling hopeless. “Is there anything we can do? We just had another child and need more space…” “We have too much space and we want a smaller home that really fits our current needs…” We can help! Did you know that the lending laws have loosened to open up opportunities for this group? Yes! There are now programs that give a homeowner the ability to rent out their current home and use up to 75% of the rental income as income to qualify for their next home-no waiting period. What an opportunity! Also, the market has improved so much in the last 3 years, that many of our clients who thought they could not yet make their move are now able to do so. We have helped many families to build their dream home, move up, or move to smaller/more manageable spaces in 2017, and 2018 is looking great for a move, as well! Investors? This may apply to you, as well. Our lenders want to work with you to complete your portfolio (or to start it!). Wouldn’t it be great if you could start your investment plan and in short time be able to qualify to buy multiple properties, rather than just one? Call us if you are thinking about investing in real estate! This time in real estate is full of massively unique opportunity for investors and home owners alike. Call us, and we would love to discuss how these “open doors” can grow your real estate opportunities, whether you are making a move or looking to invest! I have recently been enjoying the book “Start With Why: How Great Leaders Inspire Everyone to Take Action” by Simon Sinek. Whether you happen to run a team, a business, a family or your own life, I would highly recommend you give it a read! Simon invites his readers to ask “Why” rather than “How” or “What” when considering the important things in our lives and businesses. I can tell you a lot about “what” our real estate team does every day to help people. I can tell you “how” we grew and “how” we do business. What will truly inspire you, however, is “why.” Why do we do what we do? Why do you? Digging… Digging… As a wide eyed “20 something,” I recall hearing stories from friends and coworkers about their real estate experiences. Interestingly enough, they did not sound too happy about most of the on goings in their home purchases and sales. Their Realtors had often over promised and under delivered or had not represented their clients’ best interests in a way that showed them to care more for their client than a paycheck. “There has to be a better way,” I thought; and soon after hearing several such stories, I decided “I can create a better way!” Through much fun, heartache, success, failure, anxiety, and market tribulation over the past 13 years, I have found that building a team of dedicated individuals who seek to serve at the highest level has been one of the most rewarding endeavors I could have pursued! Why? Because at the end of each day, we can say that every decision we make is in order to add smiles to the client experience. We are not a production team; we are a personal team. We love to make our clients’ moves easy and successful and that’s what we do! What’s your “Why?” Why do you do what you do? I will bet that if you shared it with someone you just might inspire them-the world needs you; go and inspire!
What kinds of things does a seller’s disclosure include? Let’s find out in this month’s Seller Summary!
We are so excited to find that most of our properties are selling quickly and some in multiple offers! Next step? Inspection! The inspection period can cause a bit of nervousness for sellers once the elation over securing an offer on their property is passed. Here, we will explore some of the dynamics of the home inspection that you will want to be aware of when you get to that step!
How can you buy a new home before you sell your existing home? We talk you through the process in this month’s Buyer Bulletin!
If you have any questions about starting this process, we are always happy to help
How soon is too soon to meet with ASG? It really depends on your current situation and where you are at in the process. If you are already thinking about selling your home, it might a good time to start asking us questions. We can help you put those questions to rest and create a plan and timeline to fit your needs and your schedule.
It's never too early to start the conversation about buying or selling a home. 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!
Welcome to 2017! Spring Fever has already begun, with sellers prepping to sell and buyers excited for new inventory to enter the market. All sellers desire top dollar and a quick and smooth sale, so I thought I would start the year out with a few tips for sellers! 1) Make it “Pretty”: You have seen the model homes and how they look like someone could live there but no one does? And recall how it is as though angels start singing when you walk into this perfectly appointed space that you could literally move right into? Yes! That is what buyers want to feel like as they enter and tour your “not exactly new construction” listing. The biggest money makers are simple: declutter, paint and make it look “pretty!” 2) Get Going and Beat Your Neighbor: Well, don’t actually beat your neighbor, but beat them to the market! Statistics have shown that when one house in the neighborhood pops up for sale, usually 1-3 others pop up soon after. Not sure why, but if you want to beat the competition that is planning their move as you read, call us now, so we can get the plan in motion and beat the rest of the sellers who are going toplan their way right past the spring boom! 3) Price it Right or Get There QUICKLY!: I cannot say that an over priced home has never been in our inventory, and yet our advice is always to price it right in the first place. If you believe it is priced right and the market is telling you otherwise (no offers, few showings), you have to move on it quickly before more competition hits the market and you lose your spot as next house to be SOLD and off the market. Sounds simple, right? Don’t get overwhelmed with the prospect of your next move-Call The Angela Sadat Group today and we will take the reigns and handle all of the details for you. Our goals is for you to experience a “No Worries” listing experience, so you can relax and know that we are watching the market every day, guiding your process and making sure that your house is sold for the most money possible and in the shortest amount of time. Talk to you soon! |
Welcome!Welcome to our blog. We hope to be able to provide you with some valuable resources about selling and buying a home in the Twin Cities. We may also include a favorite recipe of ours from time to time, so check back often. Archives
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