Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Tuesday, November 17, 2020
Over the past month I have represented multiple buyers who have made offers on homes where they were competing against anywhere from three to seven other buyers. Given that our market is so high competitive in many locations and price ranges, buyers find themselves facing all sorts of difficulty questions...
- How far above the list price am I willing to go to try to buy this house?
- How disappointed will I be if I miss out on this house and what am I willing to do about it?
- Should I make an offer without a home inspection contingency?
- Should I make an offer without an appraisal contingency?
- Should I write a touching, heartfelt cover letter to try to win over the seller?
The list could go on and on.
It's a tough time to be a buyer right now and just because you find a house that you like, and you want to buy, and that you are qualified to buy, and even if you have a lender letter, and even if you see the house on Day 1 and make an offer on Day 1 -- you still might not get the house. There might be someone else who is willing to pay more than you or take more risks than you are, or who has a larger down payment than you have.
So, be ready to act fast, and make a strong offer - and be ready to carefully calculate how high you are willing to go on price - but know that you still might not get the house despite your best efforts.
