Multiple Offers? In This Market?

Divider Image

As Seen in the Naples Daily News and Bonita Daily News

That’s right-in many deals I see, 2004/05 is back.  Which means multiple offers galore!  How frustrating as a buyer…and how wonderful as a seller.  As a buyer, you think you’ve found the perfect property and,
as luck would have it, it’s at the perfect price.  Actually, too perfect.  That’s what happens when sellers price homes at a ridiculously low price. Bidding war, anyone?  It is clever marketing and the ducks are quacking, so feed ‘em!  If you’re buying, here’s how to deal with this phenomenon:

First, go in with your highest and best offer and stick to it.  Do your homework, talk to your realtor and go in strong. If there are multiple offers, just let the seller know you’ve already given your best.  (You may be surprised–you may still get the house).

Second, don’t wait!  As a real estate agent, I see this heartbreaking mistake every week.  A buyer knows it’s a good deal, but they want to think it over, and then the house sells and all of a sudden, it was the buyer’s dream house.  In this market, I urge all buyers on the fence to please jump off that fence – you’ll be glad you did because there are some incredible deals out there right now!

Third, recognize the opportunities.  Any property that’s priced well and in a good location, will not last.  There are people flocking down to SW Florida from the snowy northern states ready to pounce.  These snowbirds may have even been outbid in the past and are no longer waiting – they are buying!!

Be patient, do your research, and when the opportunity presents itself – jump on it!  Happy Hunting!

 

Recent post

Divider Image

Welcome Danielle Richards!

We are thrilled to have Danielle Richards on board as a Sales Partner on The Brad Dohack Team here at... read more

Contradicting Forces at Play in Florida Real Estate Market

In today's video, titled "Contradicting Forces at Play in Florida Real Estate," we delve into the conflicting trends observed in... read more

New Mortgage Surcharge Overhaul: What it Means for Home Buyers

In this video, we dive into the significant changes to the Loan-Level Price Adjustment (LLPA) fees that just went into... read more

The Florida Real Estate Market is at a Crossroads

In this in-depth analysis, we dive into the Florida real estate market, which is currently at a crossroads. We focus... read more

111 Sao Luiz Street Punta Gorda, FL 33983

111 Sao Luiz Street, Punta Gorda, FL ... read more

3681 E Hampton Circle Alva, FL 33920

3681 E Hampton Cir., Alva, FL ... read more

11265 Reflection Isles Blvd Fort Myers, FL 33912

11265 Reflection Isles Blvd, Fort Myers, FL ... read more

9519 Blue Stone Circle Fort Myers, FL 33913

9519 Blue Stone Circle, Fort Myers, FL ... read more