Whether you’re a buyer in a real estate transaction and have an offer on the table, or a seller in a bidding war, you want to come out on top. Greenville sellers must put in the effort and market the property in order to pique buyers’ attention, and then remain reasonable during the bargaining process. When there’s a lot of competition, tensions can rise quickly, so having a guideline might help keep your deal on course. In a competitive market, here’s everything you need to know about buying and selling Greenville real estate.
Financing
A preapproval letter and a hefty down payment are both confidence builders in your offer when buying Greenville real estate in a competitive market.
Selling in a competitive market might be intimidating, so sorting the offers into two piles is a good idea. To begin, put those who have financing in place in the keep pile; then, filter out those who have the best debt-to-income ratios. Naturally, a cash buyer is favored because you don’t have to worry about financing approval. The offer receives a gold star for a hefty down payment as proof of intent.
Offers
When purchasing real estate in Greenville in a competitive market Don’t fiddle with numbers while placing your bid; instead, bring your best offer right away and bypass the contingencies. Set an upper limit on your price, and don’t let emotions get the best of you and find yourself overpaying for a home in a bidding war; after the excitement of the moment wears off, buyer’s regret sets in. Submit a customized letter with your offer outlining how you’d value their property and your appreciation as a personal touch of appeal.
Timeline
In a competitive market, staying calm and thoroughly considering all of the variables that make an offer the best is essential. Furthermore, you must be aware of the property’s current market value in order to set realistic expectations. Finally, stay away from deals with a lot of conditions attached. Remember that after you’ve accepted an offer, you’re locked in; but, you can continue look at other offers so that if your current agreement falls through, you’ll have a backup.
Buying? If you haven’t yet located your next Greenville investment home, Upstate Homebuyers has a consistent supply of the top investment properties available.
Selling? Upstate Homebuyers will buy your property in cash, as-is, in a matter of days or whenever you’re ready. Upstate Homebuyers will make an offer you’ll agree is more than fair after detailing what you could sell for on the market vs. our offer.
Upstate Homebuyer professionals make buying and selling Greenville real estate in a competitive market easy. Upstate Homebuyers understands what it takes to stay on top of the competition, with the experience to help you make the right move at the right time at a fast pace. We take the time to listen to your concerns and answer any of your questions here at Upstate Homebuyers, with no obligation. at 864-300-4857 today or contact us here for more information!
