What buyers have done in multiple offer situations

• Write over list price
• Agree to pay any additional money down required by the lender, if the property appraises for less than the sales price
• Agree to pay all closing costs and transfer taxes
• Have a loan commitment in place, not just prequalified
• Strike the financing contingency
• Include documentation of your financial ability with the offer
• Include no other contingencies
• Include an escalation clause
• Offer as large an earnest money deposit as possible.  Some have even offered the full price of the property
• Make your deposit non-refundable
• Allow the seller to set the settlement date, with 30-days’ notice to you, with an outside date specified
• Buy the property AS-IS, with no home inspection
• Buy the property AS-IS with the right to do a home inspection
• Do a home inspection, but agree to pay the first $____ of paragraph 12 items
• In the event of a post-settlement occupancy, allow the seller to stay rent free.

PLEASE NOTE

1.  We are NOT recommending any of the above, but rather informing you of ways you can write your offer to maximize the chances of getting it accepted.  It is your right to include or not to include these in your offer.
2.  Each of the above strategies carries its own risks.  Be sure to discuss them with us to ensure you fully understand the risks involved before including any in your offer.