The market here in New Hampshire is heating up, and because of this, we're seeing a competitive market with homes receiving multiple offers. This is good for sellers because they can pick and choose, but this situation can be troublesome for buyers that are competing against each other.
An offer with the highest price might look the most appealing, but it really depends on the terms of the offer. Are there contingencies? Is it a cash offer? There are many variables here that the seller needs to think about before choosing one, because the offer with the highest price is not always the best offer.
We've found that sellers are often very emotionally invested in their homes, and if a buyer writes a personal letter to the seller explaining why they would be a good fit for the home, their chances of winning the offer improve dramatically. Another thing to keep in mind is that no matter what type of situation you're facing, you should be pre-approved. You stand almost no chance to buy a home in any situation if you cannot prove that you can pay for it.
If you have a good listing agent, they should be able to assist you in choosing from multiple offers. We believe that a successful transaction is a combination of good terms and a good price for both parties. A high-priced offer with bad terms will typically not be your best offer, so sometimes we have to settle for lesser-priced offers that come with better terms.
If you need assistance buying or selling real estate in Southern New Hampshire, please don't hesitate to contact me!
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