Here’s what you need to know to win out in a multiple-offer situation.
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If you’re active in the Rhode Island housing market (particularly in Newport), you may have come across the dreaded "multiple-offer situation". These can be very stressful for buyers, so today I’ll help you prepare for this type of scenario so that your offer comes out on top. I’ll go over the multiple-offer addendum for you and share my tips and tricks to make your offer stand out amongst the competition.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety, or use these timestamps to browse specific points at your leisure:
0:38—How seller’s markets create multiple-offer situations
1:46—Defining a multiple-offer situation and reviewing the multiple-offer addendum
4:04—The important elements of an offer outside of price
4:43—Terms and conditions you must obey when submitting an offer
6:29—What kind of agent do you need to guide you through a multiple-offer situation?
7:15—Wrapping things up
As always, if you have questions about this or any real estate topic or are thinking of selling a home soon, don’t hesitate to reach out to me. I’m happy to help.