Advice For Buyers And Multiple Offers

Dated: 04/11/2014

Views: 1778

In today's hot market in Houston, I would like to give buyers some advice on dealing with multiple offers.  Houston and the surrounding areas are growing at such a fast pace, we just can't seem to keep up.  The housing inventory is very low compared to the number of buyers we have.  Homes that are great and priced right are going to sell within the first 7 days with multiple offers.  We have buyers competing against several other buyers on homes.  Which buyer gets the house?  The buyer who wins the "bid" is the one who offers the most over list price and the contract written by the Realtor is clean.  A clean contract is where the buyer not only pays over list price, but also does not ask for seller contributions, buyer pays for the survey if one is needed, and the buyer does not ask the seller to pay for a residential service contract.  In this seller's market, buyers need to be prepared to have the extra cash on hand to get the home they desire.  Too many buyers are losing out on their desired home because they don't understand that just offering full price in a multiple offer situation isn't good enough and they will lose the bid.  

Visit to view homes in The Woodlands, Spring, Montgomery, Magnolia, Shenandoah, Conroe and the North Houston/Houston Metro Areas.

Give Me A Call Today for your Residential/Commercial Buying, Selling or Investment Needs! Russell Banki, Owner/Realtor (ALHS, CNE)  Best Priced Properties 713-480-0889 Zing Ventures LLC
***If You Are A Homeowner Click Here***
Blog author image

Russell Banki Texas REALTOR®

Texas REALTOR Hite Properties Cell: 713-480-0889 Office: 936-270-8090 x 109 E-fax: 936-270-8774 Best Priced Properties Team Montgomery County Real Estate Experts Client First! We believe our....

Want to Advertise on this Site?

Latest Blog Posts

Recently Listed Home For Sale In Spring TX NEW Interior Paint And Flooring

Gorgeous single story home coming soon in Spring TX in the subdivision of Park at Meadowhill! Zoned to Klein Collins HS. Close to I-45 and Grand Parkway. Better move quick if you want THE BEST

Read More

Now Is A Great Time To Sell

If You’re Considering Selling, ACT NOW!! Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are

Read More

Why Title Insurance Is Important For A Purchaser

What is title insurance? Why is it important to a purchaser?Title insurance is issued to protect a purchaser (new-owner - mortgagor's policy) and the lender (mortgagee's policy) from loss of title

Read More

Looking For Better Education Options For Your Children

January 23rd @ 7 pm Sojourn Academy Preview NightAre you seeking better education options for your children? Come visit Sojourn Academy on Tuesday, January 23rd at 7pm for their Preview Night and

Read More