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How do I handle multiple offer situations as a buyer?

By Bob Millaway, South Jersey Community Expert & REALTOR®

Stay calm and work with your agent to craft the strongest offer you can afford. Consider offering above asking price if comps support it, increasing your earnest money deposit, waiving contingencies you are comfortable without, and including a personal letter to the seller. Be pre-approved with a local lender. Know your maximum budget so you do not overextend in the heat of competition.

Why It Matters

Multiple offer situations are common in Burlington County's desirable areas. Having a strategy ready helps you act quickly without emotional overspending.

Related Questions

What should I look for during an open house? How much should I save for a down payment? What are closing costs and how much are they? What loan options are available for first-time buyers? What questions should I ask my real estate agent when buying?

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