In a heated market that’s rampant with multiple-offer situations, what can buyers do to make their offers stand out in the crowd? Find out right here.
If you want to buy a home in Las Vegas in the $300,000-or-less price point, you may very well find yourself competing against multiple offers. So what can you do to ensure that yours is the offer the home seller accepts?1. Work with a lender who will close quickly. It’s important to work with a lender who will fully underwrite you ahead of time—even before you go out and look at homes. Oftentimes, either I or the lender will call the listing agent and inform them that we can close on the home in X number of days.
“In general, sellers look at shorter time frames more favorably.”
2. Tighten up your time frame. When a seller and their agent learn that your offer will close faster than everyone else’s, whose do you suppose they’ll choose? The lender that I refer clients to can do appraisals in 15 days and loan contingencies in 20 days. Other agents often write longer contingency time frames for those items. In general, sellers look at shorter time frames more favorably.
3. Avoid asking for closing cost assistance or any inspection repairs. These are all negotiable items that I can help take care of when the time comes.
If you have any more questions about multiple offers from a buyer’s perspective, don’t hesitate to reach out to me. I hope to hear from you soon!