Ravi Patel Real Estate

“If you know the enemy and you know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle” ~Sun Tzu

THE ART OF BIDDING

As we head into the Spring Housing Market, have you noticed some Sellers using the "Offer Date" strategy? You've probably also noticed Buyers finding themselves in "Bidding Wars"

What is an "Offer Date"?
When a Seller requests all offers to be submitted on a specific date. The goal of this strategy is to attract more Buyers, drive up competition, therefore resulting in a multiple offer situations.

What is a "Bidding War"?
When Buyers find themselves competing against one another in their efforts to purchase the same home.

Understand - Gather extensive info on the seller's strategy, the factors driving their decisions & what they ideally want to see in an offer.

Strategy - Using the gather information, prioritize the seller's preferences & devise a strategy to align your offer accordingly.

Plan - Now that you understand the sellers intent & have a well thought out strategy - Time to to draft plans (offers), review them & submitting the offer your most comfortable with.

Showing properties by day, hitting the dance floor by night! 💼🕺🏽

5 Essential Programs Every First Time Home Buyer Should Know

First Time Home Buyers Programs | RAVI PATEL, HomeLife Galaxy Real Estate Ltd. Brokerage First Time Home Buyers Programs - here are 5 programs that first time home buyers can take advantage of for their first home purchase!