Bidding Wars/Multiple Offers

Bidding Wars/Multiple Offers

By Debra Mann, REALTOR, Suncoasteam Realty

Contact Debra:  941-626-0744, debra@suncoasteam.com

With all of the fabulous deals on homes in Florida right now, many times the buyers find themselves in multiple offer situations (or as many refer to them, “bidding wars”).   It is very common when dealing with foreclosures and short sales.  With the low mortgage rates & the low prices, there are a lot of buyers out there competing for the same properties.

It is very important to be prepared prior to making offers, so you will be in a good position when this situation arrives.  Many times the seller is requesting “proof of funds” or for a “pre-qualification letter” from the lender to be presented with the buyer’s offer.  You will have a better chance of having your offer be considered, if you have these things in hand.  If you don’t know where to start, ask your Realtor.  They should have a list of reputable lenders they have dealt with in the past.

Debra Mann, Realtor

Now is the time to buy in Florida!!  The prices have started going up…don’t miss your opportunity!!  I would love to help you secure your place in paradise!!  To start your search, click here.  If you have any questions, or would like more information, contact Your Suncoasteam @ 941-626-0744 or debra@suncoasteam.com

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Suncoasteam Realty, LLC
Main Office: 21202 Olean Blvd Unit C-3, Port Charlotte, FL 33952
Mailing Address: PO Box 380503, Port Charlotte, FL 33938
Phone: 941-235-7474
Email: sales@avalonsuncoast.com