Like it or not the real estate market in greater Cincinnati might force buyers to reset their goals to a new goal of “winning in multiple offer mania”. Some neighborhoods and homes are finding themselves in a seller’s paradise with buyers fighting over every property as soon as it hits the market. Unfortunately this phenomenon is not happening everywhere and it usually happens when a new listing hits the market at the right price. Notice I said “usually” there are instances when properties that have been on the market for some time finally drop their price and find themselves very attractive to a new batch of buyers.
While I’m not a fan of the term “bidding wars” from a buyer’s perspective multiple offers are bidding wars and somebody wins and somebody loses. The best way to prepare a winning strategy is to do your homework ahead of time and write a contract that appeals to the seller.
Multiple offer situations are very stressful for buyers and their agents. Don’t shoot the messenger (your agent) because your offer(s) ends up rejected. Each seller is unique and tailoring a winning offer in multi offer mania requires a lot of work and sometimes- creativity. Need help finding a home- Contact