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
Office: 847-273-3265

We had our closing yesterday

We had our closing yesterday and everything went very smoothly thanks to Jim Passi and his team. It took us over a month to get prepared for this huge event: buying our first home. The one thing we are 100% sure about is that we chose the right lender’s team to work with. These guys are real professionals! They are so quick to respond to every question, explain every aspect you are asking them about.
The best and luckiest choice for the first time homebuyers and, we are sure, best team if you move for a tenth time!
Thank you so much for the great work you have done for our family!
Ivar and Natasha

Ivar and Natalia