Episode 2: Multiple Offers in the Atlanta Real Estate Market
- Getting an offer accepted when it’s a multiple offer situation.
- 150-200k price range 75-80% receives multiple offers. (first time home buyer price)
- 200-250k price range 40-50% receives multiple offers.
- 300k and under with good schools are getting multiple offers.
- 300-300k with marginal schools are not getting multiple offers.
- 400-600k in sought after high school districts are possibly still getting multiple offers but not as many at that price range.
Seller Letters – Do they work or have an impact on the seller?
- Make the letter personal.
- Letters do not work in every situation.
- Some sellers have a specific bottom line number they need to be at.
- Be prepared that writing a letter to the seller might not make a difference in a multiple offer situation.
- Your letter might not make a difference BUT you have to make it your best offer. Your best offer is not only your price, your financing, whether your submitted a letter or a photo of your family. Ask yourself “What is it that is going to be part of my offer that made it be accepted?”
Contract Hacks – How to have a banana split contract vs spinach salad contract every time
- Escalation Clauses: states the terms are negotiable but your client as a buyer is offering a certain amount of dollars above what the highest offer comes in and then limits it at a certain point.
- Making a clean offer
- Negotiating due diligence to seven to nine days opposed to nine to twelve.
- Financial and appraisal contingency – limit to less than twenty one days.
- No financing – coming in with hard cash offer
- Conventional – straight up normal, run of the mill
- VA – 100% military and ex-military
Be “in the know” in your n’hood. Sign up for neighborhood alerts in your community.
Need an agent who thinks like we do? Let us match you with the "right" agent. Fill in your information below and we'll match you with two amazing, experienced, talented, & engaging agents to interview.