Multiple Offer Home Buying Question
Lately, the Bonita Springs real estate market has really picked up. Entry level priced real estate is moving quickly, with multiple offers and pickin’s are slim. Recently, I was working with young home buyers who found a darling home on a creek – technically gulf access. It needed a little work but it had that charm that you don’t find in a cookie cutter development of homes.
We got all of the paperwork together to place the offer and we finally got to “What price would you like to offer for this home” part. It wasn’t necessarily a low offer but considering that there was another offer on the table it might be best to really think about this carefully. The buyers were only a few thousand lower than what I suggested so I asked the million dollar question, “If you woke up tomorrow and you didn’t get this house would it bother you?” The answer was a resounding, yes!
We’re in a competitive real estate market that you don’t want to fool around with. I couldn’t have found them anything quite that charming, on a creek or waterway, in that price range any time soon. Those buyers realized that the few thousand dollars was pennies in a monthly payment and the love for harsh negotiation had to step aside for the practicality of actually having the winning bid. Happily, they decided it would be better to place a better offer and they were, in fact, awarded the contract. That combined with terms that were appealing to the seller and a contract package that included every addendum with a neat little bow on top made all the difference in the world.
If you’re looking for an advantage in a competitive market, feel free to call, text or email. I’d be happy to put my years of experience and negotiating skills to work for you, too. Chris Griffith 239-273-7430.