When purchasing a HomeSteps property and your in the 15 days, 2 biders, what can I do to get the property?

Asked by Daphne, Saint Helen, MI Wed Oct 6, 2010

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John Juarez’s answer
John Juarez, Agent, Fremont, CA
Wed Oct 6, 2010
The answer to this and similar questions is always the same: make the best offer. Whether it is cash of financing, the seller will accept the offer that is most attractive. If you want the house, make a very attractive offer within the parameters of the valuation put on the house by your professional advisor. In other words, your agent should run comparable sales upon which you can make your decision about your offer.
0 votes
Gerard Dunn, Agent, Chevy Chase, MD
Wed Oct 6, 2010
BEST ANSWER
Highest and best NET offer will generally win.

Owner occupied gets preference.

Sometimes a cash offer will get precedence even if NOT the highest offer.

Good luck!

Gerry Dunn
Associate Broker
703-216-9100

Serving Maryland, Virginia and Washington, D.C. for 28 years
0 votes
Michelle Car…, Agent, Coppertino, AL
Fri Aug 23, 2013
For this situation, it is definitely a "highest and best net offer" for the short answer. However if you're competing with an investor and you plan to owner-occupy, you could win.

Have you agent make a personal connection with the listing agent. Include a personal letter of why you want the property. Even though it's a government agency, SOMEONE will read the letter.

You can also include an escalation clause. Hope this helps!
0 votes
Terri Vellios, Agent, Campbell, CA
Wed Oct 6, 2010
Consider the entire offer, the seller of the property wants the highest NET, after all repairs, closing cost, etc. So if you are in a position to take on those cost that is a plus. Quicker closing and tighter contingencies.
Web Reference:  http://www.TerriVellios.com
0 votes
Andrea Wince…, Agent, Milpitas, CA
Wed Oct 6, 2010
Hi Daphne, highest offer with best terms will be the winner.
0 votes
Gerard Dunn, Agent, Chevy Chase, MD
Wed Oct 6, 2010
Make your best and final offer. If you really want the house you will need to make your best bid.

Good luck!

Gerry Dunn
Associate Broker
703-216-9100

Serving Maryland, Virginia and Washington, D.C. for 28 years
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