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Making Multiple Real Estate Offers in a Seller’s Market
March 15, 2018 | Allison Ables
In Gainesville, a seller will likely be in a position to field multiple real estate offers at once. Why shouldn’t the buyer be able to do the same thing? The real estate market in Gainesville is a seller’s dream. With a limited number of quality homes and a constant influx of
new buyers, market values have been steadily increasing over the last five years. A nice home is going to sell quickly. Potential buyers need to approach the process with a strategy for submitting multiple real estate offers for multiple homes.
Don’t be intimidated! Submitting many offers at once may sound complicated, but it’s really a great strategy for potential buyers. However, before you get started, there are a few things you need to know. First and foremost, remember that an offer does
not mean you’re buying the house. In other words, an offer is not a contract.
A Real Estate Offer is Not a Contract
Many people don’t realize that real estate offers are not binding contracts. The home buying process can be a little overwhelming at times. It is understandable that potential buyers might be hesitant to submit
multiple offers at once.
An offer for a home is a tool – use it.
The written offer is nothing more than the initiation of the negotiation process. Submitting an offer is not legally binding
in any way. Even if more than one of your real estate offers are accepted by different sellers, you are still not obligated to move forward on any one of them by using specific contract terms your realtor or attorney can add. The process ends when the deal is agreed upon by all parties. Up until that point, the buyer or the seller can withdraw from negotiations at any time, for any reason. Submitting multiple real estate offers is a smart strategy.
It will put you in contention for multiple homes, without locking you into anything.
In a seller’s market like Gainesville, houses don’t remain listed for long. Sellers generally experience heavy competition among buyers, putting them in a position where they do not need to engage in lengthy negotiations. Since the sellers are working
with many offers at once to increase their chances of success, the buyer should work a similar strategy.
The Bottom Line in Contract Negotiation
The process of buying a home can feel overwhelming. There are so many different facets to it, and it can be difficult for one person to manage. That’s why Allison Ables Real Estate utilizes specialized teams
of agents, each uniquely experienced in a different aspect of the home buying process.
We have created an environment where each client receives the best and most knowledgeable real estate expertise every single step of the way. This is not one-size-fits real estate — it is an approach custom tailored to each individual buyer and their needs. That's what being a small team lets us do! The Allison Ables team handles more real estate offers and contract negotiations than an average agent. They maintain a tight focus on ironing out the details of real estate offers, negotiating contracts, and helping buyers and sellers get to the
closing table. Contact Allison Ables today for more information!