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17
Multiple Offers: Getting Accepted
A new home in your price range hits the market, so you rush to see it immediately, well aware others will be doing the same. There's no doubt this is the place you've been looking for, so you make an offer the same day. Unfortunately, so do five other people who also loved it. Facing a host of competitors did not factor into your daydreams of a new home! What can you do?
First things first. Were you prepared for this situation, both financially and intellectually? Choosing the right lender is a key factor in a successful purchase, so you want to make sure you're comfortable with their level of experience and responsiveness. You should not be shopping for homes until you know your buying power and hav...
6
Multiple Offers: Seller's Choice
It's every home seller's dream scenario: after a short time on the market, you find yourself choosing among multiple offers! If you think that only happens to a few lucky luxury homeowners, think again; it happens right here in Southwest Michigan on homes in all price ranges.
How does this occur? If your home is priced ideally (positioned below the maximum price that you can expect it to sell for), you are much more likely to receive multiple offers. And how your home is presented (this is where professional marketing makes all the difference) will also affect the buyers' perception of value and spur them to make an offer.
So here you are with 2 or 3 (or 8, as I've seen lately) offers in hand. Naturally you want...
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