Home Buying: How to Win in a Competitive Sellers’ Market? – Oakland Berkeley East Bay Area

How to Win in a Competitive Sellers’ Market 🏡🏆

Are you competing with other buyers on your dream home or do you want to make sure you’ve got the best chance of getting your offer accepted? Well, you’re reading the right post because these three buyer tips are sure to help you. Hi, I’m Tanja Odzak and my team and I work with buyers in the Oakland / Berkeley East Bay Area. I’ve helped many buyers get their dream home so I know how scary it can be and how excited you can get. It’s my job to help you get your dream home.  

So Here, are a few tips to have the best chance to getting your offer accepted:  

  1. PRICE
    • Real Estate often comes down to money, so make sure you’ve offered a competitive price on the home. If there are multiple offers, you should probably offer more. There is a simple rule here, the more offers the listing agent has in hand or are confirmed to roll in, the more you should offer on the home. 
  2. CONTINGENCIES
    • There are 3 buyer protections or contingencies that are part of every offer. They’re Inspections, Appraisal, and Loan. What’s the deal here? Speed and Money. Contingencies can result in money based negotiations. So, Contingencies EQUAL money. If you are in a competitive situation, tighten up those timeframes and if you are in a position to remove any of the contingencies, seriously consider it. Make sure you know the risks in doing so. Every agent and broker advises against this, for good reason as they are your buyer protections, but in a competitive situation… you will never get the home if you don’t. You will have to strike hard and fast. This is a carefully made decision, you’ll have to sign a few more official forms, but this may be what just ends up getting you the home.
  3. FULL EARNEST MONEY DEPOSIT
    • Along with every offer, an “earnest money deposit” is given to show that you are a serious buyer, that puts your money where your mouth is. It represents your “earnest intention” to purchase the home and is thus is your Skin In The Game as this is the money that’s “on the line” and is going to keep you committed and adhering to the terms of the contract you signed. It also shows that you have money, and most likely are more qualified to purchase a home. So, put down a full earnest money deposit. AND make a clean offer. The more complicated your offer is, with twists and turns, the greater the chance that it won’t be the winning one. Keep it simple and straightforward as possible.

There are so many more tips and things to understand that I can tell you about, and every buyer has a different financial situation.. so it’s different for everyone, AND it would make this video WAY TOO LONG. Give me a call or use the form below and let me help you in getting your dream home. And don’t forget, it doesn’t cost you anything to work with me, the seller pays for my fees, BUT I am here to protect and advocate for you.

Click here —> WANT TO BUY A HOME? COMPLETE THIS FORM

I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit. 

Are you also planning to sell your home while on the quest to buy a new one? Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?

Click here—> I WANT TO GAIN ACCESS TO THE *HOME SELLER* SEMINAR NOW

Click here—> WATCH MY MOVING UP OR UPGRADING VIDEOS ON YOUTUBE

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