After weeks, even months of searching, you finally find your dream home! You work with your agent to draft up a reasonable offer only to find out that another buyer has placed an offer on the same house. What gives?
This type of scenario is all too familiar especially in today’s hot seller’s market and we need to get used to it! Before your devastation sets in, rest assured that there are a few ways your team at Premier Property Solutions can help you win a multiple offer situation.
Let’s start by understanding that a multiple offer scenario means that more than one Buyer has placed an offer on the same property. Typically, each Buyer is prequalified through a lender, and/or has proof of funds if they are purchasing in cash. Multiple offer scenarios are happening every day and more commonly in a market where inventory is low, like Charlotte.
The Seller has the most leverage in these situations. However, the transaction should be a win-win for both the Buyer and the Seller, as the Buyer is receiving their home in exchange. When there are multiple offers on the table, the Seller is considering both terms and bottom line so determine the MOST favorable option, paired with the most qualified purchaser.
Believe it or not, it’s not always the highest bidder who wins the bid! It’s all about negotiating and success in this area comes from working with the right agent. Negotiating is an art where all parties must feel like they are winning. There are several tactics we use, such as writing the Seller a letter from the Buyer, or offering more in nonrefundable funds paid to the seller, a quick close, etc.
The most important thing in negotiating is knowing what’s important to both parties so that you can come to a win-win agreement and move towards a common goal, which is closing. The trusted professional you choose to represent you in your purchase and/or sale should have a deep understanding of what is important to YOU so that they can best negotiate on your behalf.
As the market heats up this spring, don’t miss out on your dream home because you don’t have the right agent! Ask us for examples of how we’re helping our clients close in multiple offer situations.
Spring break is right around the corner and, with our recent dose of snow, we’ve got warmer temperatures on the mind! We all know that Charlotte is a great place to live, work and play but it’s also home to a good airport. Charlotte Douglas International Airport is one of the nation’s busiest airports with a variety of great destinations perfect for some fun in the sun. Here’s a list of some great vacation destinations all with convenient non-stop flights out of CLT.
Aruba: A great Caribbean destination full of sun and sea. Bermuda: A dose of island life just a short flight away!
Cancun: Skip the layover and pack your bags for a trip to Mexico’s beautiful northeast shoreline.
Grand Cayman: Another great non-stop Caribbean destination with beautiful resorts and white-sandy beaches.
Key West: Stay in the states and hop on a short direct flight to this little piece of paradise in southern Florida.
Where are you headed for Spring Break?
Selling season is right around the corner! We’ve always known that spring is one of the best (and most popular) times to list your home but a new Zillow analysis confirms that selling in April or May might actually help you sell quickly and for as much as possible. The analysis reviewed the country’s 25 biggest metro markets and found that in all but five markets, the best time to sell for maximized profit was in April or May.
One of the key factors that plays into this analysis is weather. We know that more people shop for homes when the weather is nice. In fact, markets with noticeable seasonal changes like Charlotte are likely to experience an optimal selling window whereas areas with warmer year-round climates like Miami seem to have more flexibility.
Timing clearly plays a big role in selling your home. Spring tends to bring a lot of anxious buyers who are ready to settle into their new homes. With the next school year on the horizon, buyers might feel exhausted and ready to end their search especially if they’ve been looking prior to spring.
If you are thinking about selling your home, there isn’t a better proven time to do it in the Queen City! Contact one of your agents at Premier Property Solutions today so we can get your house ready in time for our market’s optimal selling window!
Though temperatures in the Queen City have been unseasonably warm lately, spring is still a few weeks away. Now is the perfect time to start thinking about how to improve your home’s curb appeal this spring especially if you are planning to sell. Homes with great curb appeal demand attention and often add more value. The way your house looks from the street is the first impression a potential buyer will have about your home so make it a great one! The good news is you don’t have to break the bank trying to improve your home’s curb appeal. A little bit of hard work and a few dollars can go a long. Here are three things you can do for less than $100 to spruce up your curb appeal this spring.
1. Paint. A can of paint and a paint brush can do wonders for your home’s exterior! Touch up chipped paint on porches, benches, doors and mailboxes for an instant update. Have some fun with color by painting a bright front door or incorporating a few festive flower pots that will make your entry way vibrant and welcoming.
2. Clean up your yard. A well-manicured yard is a great way to boost any home’s curb appeal. Start by removing all of the sticks, leaves and debris from your yard that may have accumulated over the winter months. Pull weeds, cut grass and cover up bare spots with seed or sod and you’ll have a beautiful yard that’s sure to attract the next buyer.
3. Fix your features. Review everything from your door knobs, exterior lights and doorbell to ensure they don’t look dated. You can really give your home a facelift by updating simple fixtures. Remember to replace your exterior lightbulbs so your entry way shines bright on rainy days and at night.
If you need more advice on getting your home ready for the market, contact one of our experienced local agents at Premier Property Solutions who are ready to help you today!