Home Buying: How to Craft a Winning Bid

In a seller’s market, finding your clients’ dream home might not be the hardest part — winning it could be the biggest challenge! Here are three tips for making sure that your clients’ bid is the strongest one.

  1. Offer high. In many cases, you don’t want to start a negotiation with your best offer. This is not one of those cases! In a bidding war, money isn’t the only thing that talks, but it often talks the loudest. Make sure your buyers know that if they don’t come to the table with their best offer, they could lose the chance at the home they want.
  2. Make the sellers’ lives easier. By the time your buyers show up, the sellers have already been working hard. The easier you can make the sale, the more likely the sellers will choose you over another offer that requires more from them. This means catering to the seller’s wants, not requesting repairs, etc.
  3. Write a cover letter. Including a letter from you to the listing agent is a great way to demonstrate your clients’ interest, highlight the most attractive parts of their offer, and open up a clear path for communication if there are any questions or concerns.

There’s no guarantee that even a well-crafted bid will get accepted, but if you follow these key principles, you can help your clients put together the bid that’s most likely to win them their dream home.

The Jim Passi Team at Citywide Home Loans proudly serves Illinois, Wisconsin, Michigan, Indiana, Georgia and Flordia. If you are looking to buy a home or refinance, we have you covered. Apply Now to get started.
Jim Passi - Citiwide Home Loans

Jim Passi
Regional Manager
NMLS# 158000

1300 East Woodfield Road, Suite 302
Schaumburg, IL 60173
Mobile: 847-899-1813
Email: jpassi@citywidehomeloans.com

Jim Passi has been such a blessing

Jim Passi has been such a blessing and huge help throughout this process. I did not expect this level of professionalism nor did we expect this level of kindness when we began our home buying process. Jim was in it for the long haul. He did not just do the bare minimum; He went above and beyond to ensure we were comfortable and understanding of the home buying process. He was humorous yet stern and professional. He slowed down and explained the process for us so that we can understand everything we were getting in to and he was patient with all of our questions. People like Jim are a diamond in a pile of pebbles, we couldn’t find anyone else in his business like him that provided the level of service and expertise he has for us. This isn’t just a job for Jim, he truly cares about you and your success. Jim is our forever guy, we will forever contact him whenever we are interested in purchasing a property in the future and recommend him to anyone who is looking to purchase a home. We are forever grateful for Jim. Truly great and kind people like him are hard to find. Thanks for everything, Jim!

Javon & Alante