Trulia Fort…, Other/Just Looking in Fort Lauderdale, FL

What is the best strategy to submit an offer for a house in a warm/hot housing market?

Asked by Trulia Fort Lauderdale, Fort Lauderdale, FL Mon Mar 25, 2013

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The prices are starting to go up and we have seen alot of multiple offers on properties that are priced right. Have your Realtor call the listing agent to see if there are any offers on the property first. Then make a reasonable offer. Most low offers will not even be considered. All offers do depend on the motivation of both the buyer and seller.

Barbara Easton-Irvin
Atlantic Properties

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0 votes Thank Flag Link Mon Mar 25, 2013
Trulia Fort Lauderdale,

Surely you know the best strategy when submitting an offer on a home in any market, hot or cold, is to use a trusted and experienced Realtor! A professional will have a solid understanding of market conditions and what it will take for you to get an offer accepted.

I hope this was helpful!

Chad Gray PA, Realtor
Luxury Living Fort Lauderdale
Coldwell Banker Residential Real Estate

100% of clients rated our service as "EXCELLENT"!

0 votes Thank Flag Link Wed Mar 27, 2013
A clean offer meaning the fewer contingencies, a shorter inspection period, be pre qualified and have a relatively fast closing and a substantial deposit. If your finding yourself losing out to other Buyers the way the contract is written will play a big factor in your success.

Gordon Bernstein
Better Homes & Gardens Real Estate
0 votes Thank Flag Link Tue Mar 26, 2013
In a hot market, make your VERY best offer from the get go so if you are not the winning buyer, once you find out was the winning offer, you will not say: If I would know, I would offer that much....

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With enthusiasm,

Meir Aloni & Team

CRS (Certified Residential Specialist)

CDPE (Certified Distressed Property Expert)

RECS (Real Estate Cyberspace Society)

Successfully selling Broward County since 1986!

Direct phone# 954-338-5220
0 votes Thank Flag Link Mon Mar 25, 2013
Depends on what the situation on the home is. If the house has multiple offers, I use an escalation clause (allows bidding to take place without always consulting buyer).

If there is only your offer, I would suggest do the comparable research VERY well. The market has completely changed in many places, and multiple offers in a few days is not unheard of. Good luck with your purchase.
0 votes Thank Flag Link Mon Mar 25, 2013
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