MULTIPLE OFFERS ON A HOUSE? 5 SECRETS to Win Every Time

There may be nothing more disappointing than finally finding the house of your dreams only to have your realtor tell you there are multiple offers on the house. Buying a house during a hot housing market is tough.

In 2021, there is 30% less inventory and the lowest interest rates in history. Lots of people are out trying to buy a home, and that creates a lot of competition for you. Many of the best properties are selling between 5 and 20% above asking price hand have multiple offers.

In this video, Terry the Real Estate Guy discusses 5 easy to implement strategies on winning a house with a bidding war or multiple offer situation every single time.

Winning the bidding war strategy #1:

Strategy #1:
1:05 Choosing the best agent: https://youtu.be/mxFKMag7ZOU?t=65
(Pocket listings, experienced agents, agents are local)

Strategy #2: Obscene Amounts of Earnest Money
2:54 Getting the sellers attention with earnest money
https://youtu.be/mxFKMag7ZOU?t=176
(is your earnest money at risk? due dilligence periods)

Strategy #3: Write the Seller a Note
6:37 https://youtu.be/mxFKMag7ZOU?t=397

Strategy #4: Pre-Underwritten vs Pre-Approval

Strategy #5: Escalation Clause in Your Contracts
11:23 https://youtu.be/mxFKMag7ZOU?t=667

Видео MULTIPLE OFFERS ON A HOUSE? 5 SECRETS to Win Every Time канала Terry the Real Estate Guy