If you need assistance, please call 905-963-7355

HOW OUR BUYER AGENTS WIN IN A COMPETITIVE MARKET

Monday, December 19, 2022   /   by Rebecca Wilson

HOW OUR BUYER AGENTS WIN IN A COMPETITIVE MARKET

If you find a home you love, chances are other people have fallen in love with it too. There are not a lot of homes available and so there will be multiple people putting in offers along with yours. 


Obviously the goal is to win. So how do you accomplish that?


What you can do:


Get pre-approved and know your budget: As a home buyer, knowing how much you can spend is very important. Getting a mortgage pre-approval will give you the amount you can safely use on a home purchase and give you the confidence to look at homes that are expected to sell for the amount you are comfortable spending.


*Pro Tip: What a home is listed for and what a home is expected to sell for can be very different. Here is where you need a professional who can help you determine what homes you should be looking at. 


What our agents do:


Show you homes within your budget:


Let's say your budget is $750,000. In a competitive market, homes that are priced in and around your budget are very likely to sell for much higher because of multiple offers and competition. Our agents understand the market and the pricing strategies that other agents are using. By doing market research in your desired neighborhoods, they are able to determine the true value of homes that are for sale and help you to decide which homes will SELL within your budget amount. These are the homes you should be looking at. 


Use their relationships and skill to get you the information you need to put in a strong offer:


Our professional and experienced agents have relationships with other professional agents and are able to speak with them about the properties they have for sale. Our agents will help determine all of the factors that will help you to put in a stronger offer by finding out the desires of the Seller(s). These factors include desired price, deposit amount, closing date, and acceptable conditions. 


Advise you on how to put in a strong offer while keeping your best interest in mind:


By determining the factors that are important to the Seller(s), your agent is able to advise you on what you can do to make your offer stronger than others. Having conditions on an offer can be the biggest negative factor when it comes to winning. Our agents will advise you on what may be the best options in order to have the winning offer, while keeping your best interests in mind. If the house seems as if it REQUIRES a home inspection, then maybe you do need that condition, or maybe it just isn't the right house for you. Our agents are able to give you open and honest advice when it comes to these factors. 


Negotiates to avoid offer presentations all together:


Have you ever heard of a pre-emptive offer? During a hot seller's market, it is common practice for there to be a set offer presentation date. This is meant to drive competition. So how do you avoid competing with other offers on offer presentation day? The answer: a pre-emptive offer. If you are able to have a strong offer, our agents are skilled in negotiating to get the Seller(s) to consider your offer prior to others being presented. 


Find you off-market properties to see in order to avoid competition:


Our agents have access to clients who are planning to sell but don't want to put their home on the market yet, or at all. They also have relationships with other professional Realtors who have off-market properties as well. These connections give you the exclusive opportunity to view homes, lower your competition and increase your odds of winning substantially. 


If you are ready to get results, and win in a competitive market, book an appointment with our Experienced Buyer Specialist by clicking here:


http://wilsonrealtygroup.ca/book-an-appointment-online

The Wilson Realty Group | Keller Williams Edge Realty
3185 Harvester Rd Unit 1
Burlington, ON L7N 3N8
905-963-7355

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. This website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association. MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole,or in part, is specifically forbidden. May 26, 2024
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®.
This site powered by CINC: www.cincpro.com