{"id":870,"date":"2021-09-13T01:10:00","date_gmt":"2021-09-13T01:10:00","guid":{"rendered":"https:\/\/www.realestateleads.ca\/blog\/?p=870"},"modified":"2023-09-26T00:37:30","modified_gmt":"2023-09-26T00:37:30","slug":"ways-to-help-clients-win-bid-in-multiple-offers-scenario","status":"publish","type":"post","link":"https:\/\/www.realestateleads.ca\/blog\/ways-to-help-clients-win-bid-in-multiple-offers-scenario\/","title":{"rendered":"Ways to Help Clients Win Bid in Multiple Offers Scenario"},"content":{"rendered":"
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Experienced realtors will know very well what it\u2019s like to have to think on your feet and be able to help clients navigate challenges without delay as they present themselves. Multiple offers on homes for sale may not be anywhere near the norm in rural areas of Canada (although that\u2019s changing with some of them) but if you are a real estate agent working in one Canada\u2019s big cities it\u2019s about as commonplace as can be. If you\u2019re one of them you know how surreal these scenarios can be, and you never to what extent they\u2019re going to go to.<\/p>\r\n\r\n\r\n\r\n

We\u2019ve gone on at length here many time how being all-knowledgeable about the real estate business takes years, but the sooner you get to that point the sooner you\u2019ll have established yourself as a preferred choice for people who want to buy or sell real estate. Clients will look to you for your expertise, and providing it to them and then having them reap the rewards of working with you goes the longest way possible in making a name for yourself in the business.<\/p>\r\n\r\n\r\n\r\n

As with anything, you need to start at the start and that means generating clients in the first place. That can be challenging if you\u2019re new to the business, but our online real estate lead generation system here at Real Estate Leads is an excellent way to hit the ground running in this business and bring clients into the fold with maximum efficiency. It\u2019s all based on the power of Internet Marketing, and candidates are determined based on their responses to voluntary user polls.<\/p>\r\n\r\n\r\n\r\n

But enough about that, and let\u2019s get back to our focus here this week \u2013 helping clients come out on top and successful in buying a home when there\u2019s multiple offers on it.<\/p>\r\n\r\n\r\n\r\n

1. Play to Win & not to Lose<\/strong><\/h3>\r\n\r\n\r\n\r\n

If you want to look behind the insane soaring of housing prices you\u2019ll see that a primary reason for them is that the sellers are engaged in a numbers game. Putting lower listing prices in place means they\u2019ll get more initial offers with higher values as buyers look to strike while the poker is hot. It\u2019s true that bidding wars do usually push up prices well beyond the true market value of the home. As an agent, you should know an approximate ballpark value point based on market statistics and if you feel sure that the over-asking price is exceeding your client\u2019s budget then you should retract their offer. If not, you\u2019ll be just increasing the competitive drive. Let the market balance itself out.<\/p>\r\n\r\n\r\n\r\n

2. Due Diligence is Best<\/strong><\/h3>\r\n\r\n\r\n\r\n

You should also do what it takes to get complete information on the sellers. These are the types of questions you should try to answer:<\/p>\r\n\r\n\r\n\r\n