Given a recent rise in interest rates, some Oregon homeowners who planned on selling this year are now wondering about holding off. One reason given is that interest rates have dampened buyer activity. While it’s true higher interest rates make home loans more expensive, a key ingredient to selling any home is property inventory. The […]
Power Homeselling: 4 Steps to Winning with Multiple Offers
Many homesellers are intent on either the hope of selling fast, or at the highest price. Yet there’s a way to help you accomplish both of these goals. How is this possible? The secret is getting homebuyers to compete for your property. Curious? Find out more…in this helpful real estate podcast! https://episodes.castos.com/Helpful-Interesting-Information-on-Oregon-Real-Estate/Power-Homeselling-4-Steps-to-Winning-with-Multiple-Offers-.mp3 Click here or […]
How Multiple Homebuyers Change Everything
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!