How to Win a Bidding War in Canton

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If you've been following real estate trends, you probably know that our housing inventory is at an all-time low, especially in certain price ranges. This means that you could find yourself in a bidding war for a home that you desperately want to buy.

So, what can you do to increase your chances of being picked by the seller? 

1. Have your pre-approval letter ready. This tells a homeowner that you've spoken with a bank and that your finances are solid. It makes you nearly as good as a cash buyer.
   
   
   
   
   
2. Increase your deposit. The average is anywhere between $500 and $1,000, but I suggest you double that amount because you get it all back at closing. 
3. Write the seller a 'love letter'. Tell them why you love their home and why you will be the perfect family to move in. You can play with the heart-strings of the seller, and sometimes this tactic can push you to the top of the offers. 
4. Pay for your own inspections. This lets the homeowner know that you're willing to invest money into the home and that you're serious about purchasing. 
5. Don't lowball! When you work with us, we run a market analysis on homes in order to make sure that you're offering a fair market price for them. We will never let you pay too much for a home!

There are actually three more secrets that we use to help our buyers purchase their dream homes, but we can share those with you when you decide to buy a home with our team.

We've helped over 180 families buy and sell homes this year, and we want you to be next!