Home Buying in Los Angeles>Question Details

Labuyer1, Home Buyer in Los Angeles, CA

looking to buy SFR property - in this market, is it a good idea for me to submit multiple offers on multiple properties at the same time?

Asked by Labuyer1, Los Angeles, CA Fri Mar 22, 2013

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Answers

12
Do not ask for any seller concessions and pay your own closing costs to have your offers considered among the top offers.

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
DRE# 01140252
NMLS# 297251
760-486-4225
9am till 9pm 7 days
http://youtu.be/MrygA2_8fAY
0 votes Thank Flag Link Mon Mar 25, 2013
Yes, it gives you better odds of an acceptance, good luck.

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
DRE# 01140252
NMLS# 297251
760-486-4225
9am till 9pm 7 days
http://youtu.be/MrygA2_8fAY
0 votes Thank Flag Link Mon Mar 25, 2013
Absolutely. Keep writing offers until you have your t's crossed and your id's dotted!
0 votes Thank Flag Link Sun Mar 24, 2013
Yes because it is very demanding market and you may not get a response from one offer and miss out on making a bid on something else.
0 votes Thank Flag Link Sun Mar 24, 2013
Hello,

You almost have to submit multiple offers in this market.

Please be patient, it may take a few offers before you actually get one accepted.

Much Success to you!

Kawain Payne, Realtor
0 votes Thank Flag Link Sat Mar 23, 2013
Yes

Albert Goldberg Broker
alyourbroker@yahoo.com
0 votes Thank Flag Link Sat Mar 23, 2013
Pick a 1st and 2nd choice and make your best offer and remember to asked for a copy of the survey, a home warranty and some closing cost help.

BUYING A HOME (The process start with the Banker not the Realtor)

Start the process right 1st by talking to a Licensed Mortgage Professional to determine who much home you can afford and whether you are credit wordy and is there an ability to repay the loan.

The Mortgage Professional will give you a conditional approval letter to take to the realtor.

Once the realtor has found your home you should get it inspected to determine if it’s structurally safe (have the realtor recommend one locally) and be sure to ask your realtor to negotiate a home warranty paid by the seller.

Now is the time to determine and negotiate you rate and terms with the Loan Officer who is responsible to order an appraisal that you will be responsible to pay for prior to the arrival of the appraiser.

You’re Mortgage Professional / Loan Officer will be responsible to guide you the rest of the process and should not take more than 30 days.

Wherever you're located in this nation, you can trust you're working with a reputable mortgage banker - not a fly-by-night operation. Here's why.

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Bank of England loan officers don't simply facilitate the loan process; they act as "financial advisors," helping clients assess their finances on a larger scale. Whether you're self-employed and need a low-doc mortgage loan, or you're searching for the best rates on a jumbo home loan, your loan officer is here to find your perfect solution.

Get the facts about home mortgages from the experts at ENG Lending. Learn about different types of home mortgage loans and what to expect during the mortgage application process. Plus, find information about the current mortgage market and which mortgage myths you should never believe.
Let ENG's experienced Mortgage Bankers help you find a solution for your financial needs. Call or Email me to get a FREE copy of the top 25 question you must asked your loan officer before you do business with them. Benefit from my 21 years of experience answering the most common mortgage questions.

Lowell Sterling
Mortgage Banker
NMLS# 968898
LSterling@englending.com
0 votes Thank Flag Link Fri Mar 22, 2013
Hello Labuyer1, two things will help you get the right property for you. #1 A great agent with good negotiation skills 2. Your agent should provide you with the current comparable properties educate you if the property is a good buy for the neighborhood-go in with a strong offer and you will usually win! But, also your agent should have possible back up properties ready for you.

It is very competitive right now, give me a call if you are looking for an agent. I have extensive knowledge of the Los Angeles area and would love to assist you.

Have a great day,
Heather Paul, Realtor, Broker Associate
Coldwell Banker
310-923-2334
http://www.HeatherPaulOnline.com
0 votes Thank Flag Link Fri Mar 22, 2013
Always submit your best offer on your first choice, especially now that the market is picking up. It's not a bad idea to submit multiple offers.
0 votes Thank Flag Link Fri Mar 22, 2013
Definately have a 2nd and 3rd choice ready in case your first choice does not go through. If you are submitting a strong offer you will hear back from the listing agent sooner than later. If you are not getting a timely response than you may have to be more aggressive in submitting multiple offers.

Xochilt Ortiz
The Real Estate Group
xochiltortiz@yahoo.com
0 votes Thank Flag Link Fri Mar 22, 2013
Pick a property that you like and make your very best offer. However, if you feel that by making several offers at the same time would increase your opportunity to purchase, why not?
0 votes Thank Flag Link Fri Mar 22, 2013
It depends on your particulars, however many sellers experience multiple offers there for buyers have no other choice but to submit offers to multiple properties as well.



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0 votes Thank Flag Link Fri Mar 22, 2013
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