How to Win in Multiple Offer Scenarios

Yes, believe it or not, buyers are still experiencing multiple offer scenarios here in the St. John's metropolitan area at the start of 2024. (The primary reason is we still have a historically low number of homes for sale). 

Here are some tips to help you win in a multiple offer scenario: 

1. Choose a great, experienced agent with a professional reputation

2. Ensure you have a pre-approval letter from your financial institution that you can attach to your offer

3. Pricing: Be prepared to "go above for what you love" - listen to coaching from your agent

4. Minimal conditions - a great agent can coach you how to write an offer that protects you but is still appealing 

5. Ask the seller what's important to them - example: giving them time to find a home, letting them choose closing date

6. Offer a higher deposit to show you're serious and committed 

7. Write a cover letter outlining your strong position and who you are - if offers are close, this might tip you over the edge

8. Don't have a condition that it is subject to the sale of your home. In a multiple offer scenario, you're going to be put on the bottom of the pile. 

Ultimately, price reins supreme, but there are a lot of ways when offers are close to ensure you clinch the win. 

Reach out today by completing the contact form below or contact us directly:

Nicole Darbaz, REALTOR®

Your trusted, St. John’s metro, real estate expert

Darbaz Real Estate Group

Keller Williams Platinum Realty

709-691-1373

NicoleDarbaz@kw.com

Matthew Russell, REALTOR®

Your trusted, St. John’s metro, real estate expert

Darbaz Real Estate Group

Keller Williams Platinum Realty

709-689-8076

MatthewRussell@kw.com