It& #39;s a CRAZY Sellers& #39; Market Right Now
And It& #39;s Particularly Tough For FHA Buyers
But Here& #39;s a Thread on How to Make Your Offer More Competitive and Get it Accepted
Tap In And Save This For Later
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And It& #39;s Particularly Tough For FHA Buyers
But Here& #39;s a Thread on How to Make Your Offer More Competitive and Get it Accepted
Tap In And Save This For Later
Make your offer look pretty upfront
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In a sellers market, DON& #39;T ask for a lot up front.
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Limit your Concessions
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In a sellers market, DON& #39;T ask for a lot up front.
Limit your Concessions
If possible, shorten the time on your contingency timelines.
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If your inspection is usually 17, see if your inspector can do it in 10 days.
You can ask for extensions later if need be, but be sure to give yourself reasonable time to clear your contingencies.
If your inspection is usually 17, see if your inspector can do it in 10 days.
You can ask for extensions later if need be, but be sure to give yourself reasonable time to clear your contingencies.
Offer to pay some of the seller& #39;s costs.
Be sure that you can afford whatever you offer to pay but an example is to offer to cover taxes.
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Deals that save the seller money are more attractive.
Be sure that you can afford whatever you offer to pay but an example is to offer to cover taxes.
Deals that save the seller money are more attractive.
ALWAYS Negotiate with leverage!
Wait until your offer is ACCEPTED & the property is under contract.
NOW You will have leverage
But don& #39;t go crazy... Look for opportunities to negotiate repairs, closing costs etc.
Wait until your offer is ACCEPTED & the property is under contract.
NOW You will have leverage
But don& #39;t go crazy... Look for opportunities to negotiate repairs, closing costs etc.
Offer to close the Appraisal Gap.
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I have won bids using this method.
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If it is a property you really want & like, offer to pay above the appraised amount (up to a certain limit!) in the event of a low appraisal.
I have won bids using this method.
If it is a property you really want & like, offer to pay above the appraised amount (up to a certain limit!) in the event of a low appraisal.
Put in back up offers and follow up!
A lot of buyers are putting in ridiculous offers that they can& #39;t perform on and deals are falling through.
Listing agents will have your offer as a back-up in the event that the first choice falls through.
A lot of buyers are putting in ridiculous offers that they can& #39;t perform on and deals are falling through.
Listing agents will have your offer as a back-up in the event that the first choice falls through.
Do whatever it takes to get that first multifamily property. It will change your life.
Whoever& #39;s reading this I hope you close on your first 2-4 unit multifamily property this year.
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Whoever& #39;s reading this I hope you close on your first 2-4 unit multifamily property this year.
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