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The market is booming here in Cedar Rapids. Because of this, many people are encountering multiple offer situations and are unsure of how to handle them. Today, we'll share some tips on how to handle yourself should you find yourself in one of these situations.

 

We've been seeing many multiple offer situations because these homes are exceptionally priced, in great condition, and are often staged. On average, buyers are looking at anywhere from 5-10 homes; when homes hit the market priced right and in great shape, they are typically quick to receive multiple offers. The question becomes: How can the Matt Smith Team set you up for success in such a situation? 

 

We'll start by getting you financially informed. We'll set you up with the best local lender so that they can provide you with a letter of credit, or a pre-approval, so that you know what you can afford. Once you have that letter from a lender, you will be ready to submit an offer as soon as a great home hits the market.

There are many other ways we'll put you in a great position to win a multiple offer situation. For one, we surround ourselves with the best advocates in the real estate business: the best banks, attorneys, lenders, credit unions, inspectors, and many others! 

 

If you have any questions about this topic, or if you need real estate assistance of any kind, don't hesitate to reach out to us. We would love to help make your real estate dreams a reality!