Zoocasa
Real Estate Sold Prices
Calculator
Map
Property Trends & Insights
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
  • Real Estate News
Zoocasa
Home Buying a Home

What to do when there’s multiple offers?

Zoocasa by Zoocasa
April 4, 2011
in Buying a Home
2 min read
Share
Tweet
Share
0 Shares

Here are tips on what you can do to land the perfect house that has multiple offers. 

1.  Get a pre-approved mortgage. If you have a pre-qualified loan certificate, it shows the seller that you have the money to back up your offer, which says that you’re serious about buying this property.

2. Know the market value. You need to know what you can afford so that you can figure out what kind of offer you can make and try to predict what others may bid. Knowing what the fair market value of the homes you’re interested in is, along with similar houses in other prospective neighbourhoods, is a must.

3. Make a firm offer. An offer free from complicated clauses, conditions or terms will make your bid that much more attractive.

4. Get a home inspection. Make sure that you get a professional opinion on the status of the house. You want to make sure that there are no unexpected repairs or other issues that you might have to deal with.

5. Ignore the fancy decor. Most homes are staged to look their best and appeal to as many buyers as possible – keep this in mind. How well will the house actually fit your belongings and your lifestyle?

6. Make more viewing appointments. It’s important to go for more than one viewing to confirm your initial reaction. You might have fallen in love at first site and therefore may have a dreamier remembrance of what you saw. Go back, get the details and think again with your head not your heart.

7. Add appeal to your offer. Are there other small incentives you can offer the seller such as paying the closing costs or meeting a specific closing date? Something which helps make the sale easier to the vendor may help you cinch the deal.

8. Know your limit. Purchasing your home isn’t just an investment – it’s a life decision, one that’s not just a business deal but a personal one. It’s possible to get carried away in the heat of the moment so it’s important to stay logical. Establish the line you won’t cross.

Previous Post

Are you ready for the busiest weekend in real estate?

Next Post

Renovations best for resale

Zoocasa

Zoocasa

Zoocasa.com is a full-service brokerage that offers advanced online search tools to empower Canadians with the data and expertise they need to make more successful real estate decisions. View real estate listings on zoocasa.com or download our free iOS app.

Related Posts

Great News for Buyers – Home Prices are Dropping in the GTA: TRREB
Affordability

Great News for Buyers – Home Prices are Dropping in the GTA: TRREB

May 4, 2022
What Is Steering, And What Are My Rights As a Home Buyer?
Buying a Home

What Is Steering, And What Are My Rights As a Home Buyer?

October 25, 2021
These are the Best Places to Buy Real Estate in Canada in 2021
Buying a Home

These are the Best Places to Buy Real Estate in Canada in 2021

July 6, 2021

Blog Search

No Result
View All Result

Recent Articles

Five Fixes to Maximize Property Value Before Selling Your Home

Five Fixes to Maximize Property Value Before Selling Your Home

May 20, 2022
The Most Viewed Homes in April 2022

The Most Viewed Homes in April 2022

May 18, 2022
Entering a Balanced Market Spells Relief for Many Buyers: CREA

Entering a Balanced Market Spells Relief for Many Buyers: CREA

May 16, 2022
New Owner of the Cheapest Home in GTA has Big Plans for Her “250 Square Feet of Paradise”

New Owner of the Cheapest Home in GTA has Big Plans for Her “250 Square Feet of Paradise”

May 13, 2022
first-time home buyer programs and rebates

Featured Listings (Updated Weekly)

Updated: 7 Houses Under $900,000 For Sale in Mississauga

Updated: 7 Houses Under $900,000 For Sale in Mississauga

May 11, 2022
Hidden Gems in London, ON Currently Listed for Sale Under $540,000

Hidden Gems in London, ON Currently Listed for Sale Under $540,000

May 6, 2022
Updated: Cheapest Toronto Homes Currently Listed for Sale Under $1,000,000

Updated: Cheapest Toronto Homes Currently Listed for Sale Under $1,000,000

May 3, 2022
The Cheapest Toronto Condos Currently Listed for Sale Under $600,000

The Cheapest Toronto Condos Currently Listed for Sale Under $600,000

May 2, 2022

Social Media

Newsletter Sign-up

Join a community of 130,000+ subscribers. Don't miss important real estate news, market data, and buying and selling tips.

About Zoocasa

Zoocasa.com is a full-service brokerage that offers advanced online search tools to empower Canadians with the data and expertise they need to make more successful real estate decisions.

Newsletter Sign-up

Join 130,000+ weekly subscribers. Don’t miss important real estate news, market data, and buying and selling tips: sign-up here.

Social Media

Zoocasa Tools

MLS Listings Canada
Search Sold Listings
iOS App
Android App
Find an Agent
Contact Us

  • Homes & Real Estate Properties
  • Terms of Use
  • Privacy Policy
  • Contact Us

© 2015 - 2022 Zoocasa Realty Inc., Brokerage

  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
  • Real Estate News
No Result
View All Result

© 2015 - 2022 Zoocasa Realty Inc., Brokerage