Spring is coming, and, like many homebuyers in the D.C. area, Dee and Henry are looking to purchase their first home.
Dee and Henry’s favorite Townhome had multiple offers
We’ve already been out looking for homes for a couple of weekends, and finally, they have found a cute town home that they really, really like, plus it’s in their ideal school boundary.
As we’re getting ready to make an offer, the listing agent informs us that there are a couple of other offers coming in as well, so it’s a multiple offer situation.
Dee and Henry really want to buy this home
The issue is that they are now in a competitive situation so they need to make their offer as strong as possible.
One way to make the offer better, of course, is to offer more money. But that’s not always the best approach (although it never hurts…).
Sometimes, even when offering more money, another contract wins out because it represents less risk to the seller.
How to minimize risk to the seller (while making sure you’re protected) Continue Reading…