On average how many offers will you have to make before you get an offer accepted?

Asked by Rodhall, 75234 Sat Jun 5, 2010

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Alex Meguerd…, Agent, Valencia, CA
Mon Sep 16, 2013
It really depends on a lot of things, competition, area, financing, price range and the agent representing you. This market is very tough right now but my best advice to you is to be consistent and positive. The market is slowing down right now and the chances of you getting your offer accepted is rising, keep trying and best of luck!
Web Reference:  http://www.alexlaestates.com
1 vote
I love your website btw!
Flag Mon Sep 16, 2013
Maria Cipoll…, Agent, Coral Springs, FL
Mon Oct 15, 2012
If you are lucky enough to work with knowledgeable market buyers, may three or five. Even that I show them and explain the comparables in the area, still have to compete with realtors that they offer a ridiculous price to get the sales contract signed and when the appraisar do his work will adjust the price at the market value.

Best of Luck,

Maria Cipollone

1 vote
Alex Montelo…, Agent, Seal Beach, CA
Fri Apr 3, 2015
It depends on the overall strength of the offer, the buyer and the skills of the agent. There are so many variables that can weaken or strengthen an offer. I can sit and type for a couple of hours just to explain the different scenarios. Work with an experienced agent that can help you structure the best offer possible.
Best of luck,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic#01456982
0 votes
Sean Seckar, Agent, Santa Clarita, CA
Tue Mar 17, 2015

This is a tough question as there are numerous factors involved, some you can control and some can’t.

Factors in your control:
Your Realtor
Your Financing
Your offer

Factors not in your control:
Their Realtor
Motivation of the seller
Multiple offers

Take advantage of what you can control. Hire a local area expert.
Make sure your financing is in place and write an offer based on fair market value and the knowledge of your Realtor.
Depending on the home, you may see multiple offers so don’t get frustrated if you need to write on a few homes. You’ll get the one you are meant to have.

Best of luck in your home search and feel free to contact me at anytime to discuss what I can do for you to get you into your new home.

Sean Seckar – Realtor
RE/MAX of Santa Clarita
BRE License # 1336429
0 votes
Leslie Kreuz…, Agent, Valencia, CA
Sun Mar 15, 2015
In the Santa Clarita Valley, it depends on the price range. If you are in the lower or median price range, you are going to have some competition. Inventory is still pretty low. It also depends on what kind of loan you are getting and how much you are putting down. The stronger your offer and the bigger the down payment, the better chances you have. If you are buying at or under the median price range of about $450,000, you should expect to write a few offers before you get one accepted, unless you happen to have all cash. Best of luck to you!
0 votes
Claudia Cook, Agent, Valencia, CA
Thu Feb 6, 2014

There are many things to take into consideration. Location, the seller's motivation for moving, desirability of the home, if you are financing, and the agent that you are working with.

The best way to make sure that you have a strong off is to make sure that your agent has proof of funds ( a copy of a bank statement, 401k report, whatever you will be liquidating to make the down), a pre approval letter from which ever institution will be financing your mortgage, and a complete copy of the Residential Purchase Agreement.

There are many other things that could strengthen your offer depending on the seller's motivation for selling.
0 votes
Tracey Hamps…, Agent, Valencia, CA
Fri Sep 13, 2013
Hi Rodhall,

Great question!

I know it can be a tedious task in this current market but hang in there. When you find the home that was meant for you it will be yours regardless of how many other offers there are!

I always educate my buyers to write the cleanest offers they possibly can. This will include not asking for closing costs, paying for some of the items the seller normally pays for, (Natural Hazard Disclosure, termite inspection and repair etc...) Often buyers are also removing their appraisal contingency or putting a cap on how much they will pay if the house doesn't appraise.

As you can see there are many ways to make your offer stand out from the rest!

On average I would say and this is just an estimate but 3 to 5 offers sounds right from my experience!

Hope that helps and don't give up your dream!
0 votes
Tony Lewis, Agent, Valencia, CA
Mon Oct 15, 2012
People usually duck giving a direct answer to this question because of the factors that go into the equation. I'll just say 3 to answer you question directly. The factors that I'm referring to include that many people start looking and never wish to compete for a home and won't buy in the current market. Also some buyers learn the market quickly and trust their Realtor and will do what it takes to buy a home on the first attempt. Most successful buyers will make several offers and perhaps utilize many Realtors before realizing that it is a sellers market and then finally be the savvy buyer that makes a strong offer on a home while others are learning the market. I work in the Santa Clarita Valley which includes Valencia, Stevenson Ranch, Castaic, Saugus, Newhall & Canyon Country. Let me know if you or those you know would like my assistance in this community. Tony Lewis RE/MAX of Valencia 661-702-4720
Web Reference:  http://www.TonyLewis.com
0 votes
Sona Gallatin, Agent, Santa Clarita, CA
Thu Jun 14, 2012
Depends on your offer and determination to get the property. It also depends on how well your agent can represent you to the seller, not by just presenting an offer but by presenting you along with the offer.
An intro letter and a call from your lender directly to sellers agent helps.
0 votes
Sharon Lajer,…, Agent, Valencia, CA
Fri Sep 3, 2010
I have had buyers who have their first offer accepted, and others that have written ten offers. If your Realtor has a good local reputation, and the respect of her peers, your odds of an accepted offer will increase. However,
there are other factors, such as: 1. How many homes are on the market and how many buyers are looking?
2. Downpayment. Typically a buyer with a larger down payment will have an edge over a buyer with a lower down payment, such as FHA 3.5% down. 3. Buyers looking for homes that are in "move-in" condition will have more competiton. 4. Homes under $350,000 are more in demand, with more competition.
It is important to have a pre-approval letter from a direct lender, proof of your funds for a downpayment, and a clear strong offer. I always write a cover letter for my clients, which can often help. The key is to NOT give up and be sure you have chosen a Realtor who will keep you updated immediately on new listings. Be as available as possible to come out and look at the home.
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Laura Coffey, Agent, Santa Clarita, CA
Thu Aug 12, 2010
I'm surprised no one said it depends on the Realtor you have hired. If you hire an experienced professional Realtor it shouldn't take many at all. Choosing the right Realtor when purchasing is key. Many Realtors and buyer's don't realize the importance of an agent that not only can write a strong offer but one that is connected with many agency relationships as well.
Most Realtors work for free and you will be purchasing probably one of your largest assets ever. Interview three agents or more if you need to. I'm surprised at how many people just go with the first one they meet. Often because of my Accredited Buyer's Representative designations buyer's seek me out after being dissappointed with their first Realtor. You owe it to yourself to find the agent for the job.
Web Reference:  http://rebac.net/
0 votes
Merlin Barri…, Agent, Valencia, CA
Mon Jun 28, 2010
Mr. Rodhall

That question is tricky. All other answer s are correct It all all depends, on the sellers situation. If seller's in a rush/desperate, there's a faster chance they'll accept the offer, as long as its a reasonable offer.

Good luck, feel free to call if you need assistance.

Merlin Barrientos
Realtor Associate
Keller Williams Realty
cell 661 713-8780
0 votes
Jennifer Ric…, Agent, Valencia, CA
Tue Jun 8, 2010
Hi Rodhall,
It depends on the type of properties you are putting offers in on. Inventory is very tight here in Santa Clarita, there is alot of buyer competition going on right now. You need a very strong agent who can guide you through this current real estate market.

-Jennifer Ricco
0 votes
Richard Reid, Agent, Decatur, GA
Sat Jun 5, 2010
This depends on the sellers situation, the strength of your offer (which includes the price offered relative to list price, the finance conditions, the amount of down payment, cash placed in escrow, etc.), the location and number of homes on the market in the immediate area, and how unique the home is.

From a sellers perspective, I have a friend who has been a broker for 40+ years who is fond of saying - "the 1st offer is typically your best offer". That doesn't mean it gets accepted right away, but sellers should be encouraged to engage in negotiations with anyone making a legitimate offer.

How much you can offer below asking price is going to be specific to the home your are offering to purchase. Your agent is going to be your best guide for what a property is worth, and where you might start your offer.
0 votes
Anna M Brocco, Agent, Williston Park, NY
Sat Jun 5, 2010
It really depends on the property, location, condition, pricing, etc. A strong offer is always a good start based on recently sold similar properties in the immediate area.
0 votes
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