Posted 3.4.13 @ 8:15
Once you’ve found the right home for you, you may have to face the daunting situation of multiple offers. This means that you and other people are bidding to get into a great home, but how do you get the seller to notice you? Here we’re going to go over some steps you can take to outlast and outwit your fellow bidders, giving you the best chance to win the home you want! Remember that even though the market is hot, it doesn’t mean you can’t strike gold with a little research and preparation!
Buy the Priciest House You Can Afford
This doesn’t mean you should get out there and buy an extravagant piece of Oakville real estate that you can’t afford, but it does mean that you should get a great house that will fit your needs and what you can afford. Don’t try and buy a house that saves you money; think about all the room and memories you’ll miss out on because you tried to save a few thousand dollars.
Stand Out from the Crowd
The first thing you need to do when dealing with this situation with Oakville real estate is to stand out from the crowd. Maybe you’ve already been pre-approved for financing and the seller thinks you’re a better bet, or maybe you’re willing to help play closing costs. Whatever you do, you’re going to want to make sure you stand out from the crowd. The first thing you should try out is bidding a strange number.
Most people love round numbers, we can’t help it. So if one person bids $200,000, and you bid $214, 395, the seller is going to take notice. They’re going to be curious about why you would bid that much, and how you valued the house. If you saw some furniture that looks like it would be tough to move and offer to buy it, you can stand out from your competition; sure it might be an ugly couch, but it may be just the price you have to pay to win your dream house.
Don’t Get Emotionally Involved
You don’t want to get too emotionally involved when investing in Oakville real estate. You’ll want to remember that each home is staged to show potential; you don’t want to get too attached to furniture or just the way the house looks furnished. You’ll also want to make sure that you set a small amount of the purchase price to have the home inspected before you buy on it (we can help you with a contingency bid).
If you find a great house you’re most likely going to find a lot of other people have found the same house too. You can get around this trap by standing out from the crowd. Show the seller that dealing with you will go quickly and be stress free. Make sure that you love the house and what’s not in it. If you need help finding a home, contact us today!