Multiple Offers - Terms Can Be More Important
I have been working with a buyer to find their home. Their financial limitation is in a very popular price range. So far, we have written 3 offers on 3 different homes. Each time, we have been told by the seller’s agents that there are several offers in or coming in. Each time, our offer has been turned down.
At this time, there is a shortage of inventory in New Port Richey, Port Richey and Hudson, FL., especially for decent looking and well-maintained homes in lower price ranges. My buyer is getting discouraged and depressed. We need to find a home for the family with a new baby on the way in a month. She's flexible about the closing date but needs closing costs.
She has offered full price in each case: is it possible that someone who offers less can get acceptance? Yes, in certain circumstances. If their offer is based on cash or a less complicated loan. Most seller’s agents advise their sellers to bypass the FHA or VA offers if they have cash or conventional ones. Or, if the seller needs a certain closing date, and one of the buyers is willing to extend to the date needed. Terms are just as important (sometimes more so) than price.
We are waiting for the next home to come on the market. Maybe then she'll be in the pink.
Re/Max Sunset Realty
Florida Luxury Realty