What Should You Do in a Multiple Offer Situation?

We're seeing multiple offers on homes in Trussville that are priced right and in good condition. This is great for sellers, but it can be an uphill battle for buyers. However, there are ways to win out in a multiple offer situation.

There is a common belief that the best and most appealing offer on a home is a cash offer. While some sellers are just looking for a large amount of money, others are simply looking for the most convenient offer. Sometimes a seller is more intrigued by a larger amount of earnest money, or a buyer who is willing to forgo inspections on the property. 

You need to figure out the motivation of the seller in order to write them the most appealing offer. 

On the flip side, if you're selling, having multiple offers on a home is a great problem to have. However, money shouldn't be the only thing you're looking at. Sometimes buyers can agree to pay for closing costs and inspections. Looking for a pre-approval letter is also important. One of the best things you can do in this situation is to work closely with your Realtor and make an educated decision on which offer will benefit you the most.

Hopefully you'll find this information useful as you head into the busy spring market here in Trussville. If we can do anything to help you, please don't hesitate to contact us!

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