How to Take Advantage of a Multiple Offer Situation

Want to sell your home? Get a FREE home value report
Want to buy a home? Search all homes for sale 

Now is a great time to be a home seller in Atlanta. Inventory is low and this is creating multiple offers on homes that are priced well and also in good condition. Almost 22% of our listings have had multiple offers in the past 2 years.

We always suggest for you to be patient when you're getting offers on your home in Cobb County. Don't jump on the first offer, because there could be more willing buyers that would make a better offer. 

Taking a good look at the buyer's financing is also important, especially if you're trying to sell your home for top dollar. However, selling your home for the most amount of money isn't always the top priority of our sellers, so choosing the highest offer isn't always the best way to go.

Perhaps you need to sell quickly and want a cash buyer, but your cash buyer is offering a little less for the home? In that particular situation, the lower offer may be the better offer. 

Sometimes the best offer is also your most convenient offer.

If you have any questions or concerns about this issue, please don't hesitate to contact us. We would love to help you with your buying or selling needs!

How to Handle Multiple Offer Situations in Cobb County

Want to sell your home? Get a FREE home value report
Want to buy a home? Search all homes for sale 

We have a very low amount of inventory here in Atlanta, and we're seeing a lot of multiple offer situations because of this. 

If you're a buyer, you need to remember that the highest price isn't the only way to win a bid on a new home. Sometimes sellers will pick the most convenient offer with the best terms, and not the offer with the highest price. Things such as the strength of your financing, your closing period, the inspection period, and whether or not you have a home to sell can all be used as bargaining chips to make your offer stronger. Cash is not always king.

In some cases writing a personalized letter to the seller can help. This is a good way to make an emotional appeal to the seller, and they will be more comfortable picking your offer over others because you're no longer just a number, you're a face with a story and a reason to buy a home. 

It's also crucial for you to be pre-approved before you make an offer, otherwise the seller will likely not even give you a chance. This is absolutely essential in our current market. Please ask us about our preferred lenders if you do not already know a good one.

Besides a good lender, you will also need a good buyer's agent. This person will need to know the ins and outs of our local market, and you should know that our agents have a wide knowledge of the Cobb County market. We would be more than happy to help you find a good home. Feel free to reach out to us at any time. Now is a great time to buy a home!

Cobb County and Metro Atlanta Real Estate Market Update

Want to sell your home? Get a FREE home value report
Want to buy a home? Search all homes for sale 

We're currently in a seller's market with 4.2 months of inventory in the Cobb County and Metro Atlanta area. There is a divide at the $500K price point, where below that price point is a seller's market and above it is a buyer's market. 

Overall there is a low supply of inventory on the market and we're seeing homes sell in 62 days on average. Our inventory is sitting at 4.2 months right now, so when a great home comes on the market it is selling very quickly. If you're looking to sell, then now is a good time to do so. You just need to make sure your home is priced right and in good condition.

However, it's also a good time to be a home buyer. Interest rates are extremely low, and this will save you thousands of dollars over the lifetime of a loan. Be sure to take advantage of these rates while you still can, because they won't be sticking around for too long. 

Overall it's a good time to buy or sell, so if you're thinking of buying or selling this year, please don't hesitate to contact us. We are equipped to sell your home for top dollar. The most important thing is for you to get on the market soon before the flood of other buyers get here. 

As always, please don't hesitate to contact us with any questions or concerns you may have!