Make our offer the highest and best we have and not loading it with contingencies

Give it your best shot the first time around and be prepared to be outbid. Just because some fool will overpay or waive crucial contingencies does not mean it should be you!

Buyers can only offer what they can afford to pay. No sense worrying about how many other offers a seller might receive.

I try to connect with the listing agent and introduce them to the strengths of my clients and try to discover what, if anything, the seller needs to make his life easier through the process.  We just closed on a home and our offer was one of at least 30 and we were not the highest offer and maybe not even the best offer.  The seller and his agent focused on one short phrase, "my client has made offers on several homes in the area, but this one is her favorite by far."  He knew we would close and, despite some major issues, we did. 

It's Simple, coaching clients to make their first offer their best offer.

No regrets when you couldn't have offered more.

We're seeing $25,000-$225,000 overbids. 

But I'm closing escrows, so it works.

If Buyer has ability to pay closing costs for Seller ie: State & Local transfer taxes it will help with Seller's bottom line and avoid an appraisal issue.

Making our best offer first, reducing or eliminating contingenices and having my buyer ready to act quickly

Buyers Paying both Transfer Tax es bReducing my Commission  ( to avoid writing four more unsuccessful contracts and hours more )

Some clients can only go so far, especially when getting a mortgage. Highest and best right up front is best!

timely communication.  prelead your client and have that discussion about how the deal may unfold.  discuss your best offer. price, closing costs, closing dates, conditions are all negotiable.  Try to get insight into the sellers state of mind.  

Well in the Q's yesterday there was an example of 122 offers on a property. I think that shows how crazy the worlds gotten.

Cash for low appraisals is a start.

Make sure that preapproval is as strong as concrete.

https://activerain.com/questions/show/73679/citrus-heights--ca-home-gets-122-offers-------------what-was-the-highest-number-of-offers-you-have-received-on-a-home-in-your-area-

For the last couple of months in Denver, cash is needed to make up the "appraisal gap".

You can check out my blog:

https://activerain.com/blogsview/5517314/home-buyer-s-tips---how-to-win-your-home-in-a-multiple-offer-situation

My buyers won the offer because of the above.  One buyer, 1 of 10 offers, and the other buyer, 1 of 29 offers.  It was a lot of detailed work, hard work, and thorough thinking to cover all grounds.  But that's our job!  Obviously, it also depends on how far your buyer is willing to go.

I have never NOT gotten what I started out to want or get. If I want it, its mine until I physically get it. I can do this for others too & have. Got Richie?

$300,000 to $500,000 or more over asking with NO contingencies. Sometimes that does not make the cut.

I'm swinging a dead chicken, swilling rum from a bottle, puffing a cigar dancing in the buff under the Full Moon!

Seriously . . . buyers, realize you are not all that and a bag o Krispy Kremes, take your best shot outta the gate and be generous in whatever ways will impress the seller to choose your deal. 

This happens with our market at this time every year . . . we often have the 'timing the market' discussion and investors need to wait till the dead of Winter! 

In  almost all cases there are multiple offers in my area!  I have many tips to share for agents that want to win bids.  I'll write a post soon.

I provide information to my clients about the market and provide strategies for them to consider. Then I follow their direction in preparing the offer after they make their decision.

working with listing agents on dates that work for the sellers.

Home inspection for the right to void only.

Offering above list.

High EMD.

Low appraisal guarantees.  Last one that won it for my buyers was a $20K low appraisal guarantee.  They had the cash to be able to make that additional downpayment if needed.

Make it the absolute highest and best and pay a great deal of attention to terms to be competitive.

17 day escrow, with opt for seller to stay free for 24 after, PLUS LOTS of SECRET SAUCE.

90% of my Pre approved buyers are getting in escrow. 

1. Offered purchase price has to be appealing to get the sellers attention. Further negotiation can occur in the process. 'Highest and best' is a phrase we like to use, much like 'AS IS' but we know it does not mean that.

2. Assurance of closing. Presenting this in the context of the cost the seller must bare when an insincere offer is made. Clean is keen. And of course your offer appears cleanest of all. That FHA requiring seller assistance will be a hard sell.
3. Continuation. Establish resonance by acknowledging the 'clues' the seller has presented.
4. Create convienence. The most frequent issue here is the 'other' agent is easily confused and their reactin can poision the mental health of their client. Take the time to ensure the agent can correctly eplain the conveinence.
5. Answer your phone.
Nothing new here. This is a good structure for any offfer.

As an agent you can start by not handwriting your client's offer.  Come in strong with the first round.  Don't wait for "highest & best" requests.  Minimize contingencies. Boost good faith deposit amounts.  These are crazy times! 

We find it helps to deal only with highly qualified buyers and coach them to write a very strong offer.