Writing an offer on a house for sale in Austin Texas is an Art. If you're working with the wrong agent, you might lose out on the house of your dreams. Why is that? Offers aren't just about the price, but about terms as well.
For example, take a house listed at $300,000. Comparable sales are looked at, and the house is priced very competetively at that $300,000. Because of that, there are multiple offers. YIKES!
As a Home Buyer in the Austin Texas real estate market, you really want that house as you've seen a couple of others and you know the value of this house. You decide to offer the full price of $300,000...
But, the offer doesn't stop there. There are several terms to look at as well.
Think about the "average" Austin Texas home buyer. They are probably going to offer $1000-2000 for earnest money. Let's offer $5000.
The Average Austin Texas home buyer is probably thinking they need 10-12 days for their inspections for $100. Let's offer $250 for 7 days.
The Average Austin Texas home buyer is probably going to ask for $3000-4000 for closing costs to be contributed by the seller. Let's offer either $0 or raise the asking price the amount to cover the closing costs so it's no additional money out of pocket for the seller.
The Average Austin Texas home buyer is probably going to ask for 21-28 days for their Financing Credit Approval. Let's offer 15 days because you're already pre-approved and know you have no worries on your financing.
The Average Austin Texas home buyer is probably going ot ask for a 6 week closing time. Let's offer 4 weeks and get this done!
When the average Austin Texas home sellers look at offers from my buyers and compare them to other buyers, my buyers win a lot of multiple offer situaitons.
If you want to make sure your offer is getting the attention it deserves, make sure a reputable Austin Texas REALTOR® is writing it up with your best interests in mind. That's me! Call me today!
**Are You Packed Yet?**
Austin TX Real Estate and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, CedarPark, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.
** Multi-Million Dollar Producer Year after Year **
** Platinum Top 50 Finalist 2011 out of almost 9000 agents in Austin TX**
** Five-Star Professional 2011 & 2012 **
** RE/MAX 100% Club **
Copyright© 2012 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* The Art of the Multiple Offer Situation * was first published on donnahomesblog.com.