Community Update

Advice for Buyers on Multiple Offers in the Westport Real Estate Market! 

With decreased inventory and many buyers looking for similar homes, particularly in the highly competitive Westport market, we are often finding well presented and priced homes receive as many as 2-3 offers in the first few weeks on the market. 

When a buyer is in a multiple offer scenario, they want to be sure to protect themselves from either over paying or missing out on a great opportunity.

They should ask their real estate agent to  a) identify a property’s best value – has the seller underpriced the listing and if so, how much is the property worth; and 2) help determine if a property is in the buyer’s best interests – are they caught in the excitement or is this the best home for the buyer’s needs?   

Providing that this research yields positive answers, they should request their agent to formulate a plan ensuring that they are presented in the best possible light, completing paperwork accurately, fully, with supporting financial documentation, and submitting the offer with not only the best price, but the best conditions. 

For my full article on how to succeed in multiple offer scenarios, please visit my website http://www.freddafirst.com/multiple-offers.asp

Fredda Takacs, Senior Vice President, The Higgins Group

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