The Home Buyer’s Ultimate Guide to Multiple Offers

The home buyers ultimate guide to multiple offers

I recently wrote an article for sellers on handling competing contracts on their home.  So now this article will focus on multiple offers for a home buyer. The pre-spring real estate market has heated up.  Inventory is ultra low and prices seem to be on the rise in many Massachusetts communities as you get closer and closer to the Boston.  If the property is in good condition, in a desirable location and priced properly, many times you will see open houses packed and multiple … Continue reading...

The Power of the Pre-Approval Letter

The Power of a Mortgage Pre-approval letter

Get Your Pre-approval Letter First! You have been looking at homes for months, now you have found the perfect home.  It is time to put in an offer on the home you like, your agent tells you that you need to submit a mortgage pre-approval letter with your offer for it to be considered. You put the kids to bed and you sit at the computer and you get a pre-qualification letter that you print off the compute,  or dig out an old pre-qual letter. Yes, it may satisfy the home seller, but you … Continue reading...

Negotiating a Home Price is not Always About the Money

Best Offer concept.

When negotiating a home price as a buyer, its not necessarily about the money.  My last two buyer transactions where I was a buyer's agent negotiating on behalf of my client, we were not the highest bidder, yet we were the ridding bidder. Yes, my buyer client's offers were several to five thousand dollars less than the highest offer the sellers received on their home. Now don't get me wrong you can't be 10's of thousands of dollars less than other offers and expect the seller to choose … Continue reading...