How to Be a Competitive Buyer in a Strong Seller's Market

Kisha Johnson • April 15, 2021

The housing market is very competitive right now, with it being a strong seller’s market. This means that home sellers may have to wade through a ton of offers from potential buyers before they accept one. Because so many buyers are looking in a limited market, it is more important than ever for you to be as competitive as can be. Here are some tips on how to be a competitive buyer and get your offer accepted.


Be ready to bid

It can be helpful to send in an offer that includes an escalation clause, which tells the seller that you will pay a certain amount over the highest bidder’s amount. For example, if the highest offer is $100,000, and your escalation clause is 3%, you will end up paying $103,000. Doing so not only will make you stick out as the highest bidder but shows a strong desire for the home.


Don’t counter

Instead of preparing to counter your offer, send your best offer. You need to send your best offer so you can stick out from the start. Remember, buyers are in control and will want to make a fast decision so there is no time for counteroffers. 


Be flexible with non-price factors

Money isn’t the only thing sellers have to take into consideration when accepting an offer. There are some other non-price factors that can really go far in swaying the offer in your favor, such as bypassing an inspection and being flexible with your dates and times for closing. Think of these non-price factors as sweetening the pot! 


When you work with 4809 Realty, we’ll make sure you are as competitive a homebuyer as you are comfortable with. We will not rest until you find the perfect home, so give us a call today and we’ll get the process started.

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