Livingston NJ Homes: Multiple Offers

Homeowners, believe it or not … we are still having multiple offers for homes in Livingston New Jersey. While most parts of our country are suffering from a slump housing market with overflow of inventory … houses sitting for months and even years, Livingston’s scenario is different.

Not having to face with new construction, schools that are top notch and availability of a variety of jobs in New York City and the New Jersey area, puts Livingston home sales in an entirely different category.

There are some buyers who are still waiting for that dream home to go on sale! Over the past month, over fifteen homes have gotten into multiple offers and there was a price war. Sellers, who have their homes properly maintained and staged, position themselves well in getting the right buyer and right price.

Is that amazing for this economy? Sellers are happily letting go of their homes and buyers are getting into homes of their dream.

But do you know how to have the strongest contract when there is a multiple offer for a home for sale? Whether you are a seller or buyer, you need to know how to come out a winner.

Sellers in New Jersey have the upper hand when it comes to the process of multiple offers. My advice is to enter the contract strong. Knowing how to work into the best offer is important for a satisfactory transaction for sellers and buyers alike.

The two step process could be getting all offers from potential buyers and the seller will counter offer to all buyers with the same price. The potential buyer with the most favorable contract and offer will eventually win.

This may include the amount in down payment, the flexibility of closing dates, the finances, where the mortgage is coming from, types of mortgage, the outcome of inspections and the demands from the inspections. Sometimes your offers are taken merely because of the realtor you work with.

There are many ways of working around a multiple offer scenario in selling and buying a home. Do you have a trusted realtor?