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How Multiple Homebuyers Change Everything

August 14, 2018 By Roy Widing

How Multiple Homebuyers Change Everything
https://certifiedrealty.com/podcast-player/3004/how-multiple-homebuyers-change-everything.mp3

Download file | Play in new window | Duration: 00:25:00 | Recorded on August 16, 2018

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When multiple buyers express interest in a property by each writing an offer, the balance of power has shifted substantially in favor of the seller. As a result of this decided shift, buyers typically become more competitive. Why? Because fear of loss can be a powerful motivator.

And while it’s possible for three, four, or even more buyers to compete for the same house, the principle is essentially the same, regardless of how many multiple buyers write an offer. Adding more buyers to the mix, however, does have a tendency to ‘quicken’ the pace. 

What can buyers do to lower the volume, lessen their own anxiety and reduce the frenzy without getting caught up in a multiple buyer scenario, all while making sure they don’t miss out on the house of your dreams? Plus, what can sellers do to maximize their leverage in getting the best possible offer? And for both buyers and sellers, are there specific tips you can use to ensure you’re ‘in it to win it’ for your next home purchase or sale? Find out more…in this helpful Oregon real estate podcast!

Tagged With: Bidding War, Competing Against Multiple Bidders, Feeding Frenzy, Multiple Buyers, Multiple Homebuyers, Oregon, Oregon Real Estate, Seller's Market

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