Make The Strongest Offer You Are Comfortable Making And Acknowledge All The Possible Outcomes

The market is still moving along pretty quickly in many price ranges.  

This often results in multiple offer scenarios, where you are making an offer and will be competing against one or more other buyers who are also making offers.

You won't know how much the other buyers are offering... or if they are including escalation clauses... or if they are including inspection contingencies... or if they are including appraisal contingencies... or if they are offering cash.

So, what then, are you to do as a buyer?

I recommend that you make the strongest offer that you are comfortable making and acknowledge all the possible outcomes.

Your offer might not be high enough to compete against other offers and the seller might select another offer.

You might have included more contingencies than another buyer and the seller might select another offer.

You might have the fewest contingencies and the seller might select your offer.

You might have the highest offer and the seller might select your offer.

Home inspection contingencies make sense to include as a buyer... as do appraisal contingencies... but both can limit your ability to win in a multiple offer scenario.

So, make the strongest offer you are comfortable making and acknowledge all the possible outcomes.