Finding your dream Fort Lauderdale luxury home can take time and patience. Often when a buyer walks into a home that is perfect for them, they know instantly. Unfortunately, there are times when the perfect home comes along, but there are other interested buyers. In these types of situations, it’s not uncommon for the listing agent to request the “highest and best offer” from all interested parties by a specified deadline. With these types of nerve-wracking situations, it is important to take a moment to consider the facts.
1. There Are More Fish In The Sea
As with dating and fishing, there is sometimes “the one that got away” when looking for a home. Fortunately there are usually other opportunities and soon your last “perfect house” will pale in comparison to the next “perfect house.” Don’t let your competitiveness take over your good judgement when it comes to multiple offer situations. Keep calm and try to remember your goals. The last thing you want to do is overpay for a home unnecessarily. Most likely, there will be other amazing houses that will soon be listed for sale.
2. Your Agent Knows Best
Trust your Luxury Living Fort Lauderdale real estate agent. We are local experts, know the market, and have seen it all. We’ve helped countless clients with multiple offer scenarios. If you are faced with this situation, we will do our best to help you make an educated decision on moving forward or backing off. In short, will give you the facts you need to make an informed — less emotionally charged — decision.
3. Follow Age Old Advice
“When in doubt, do without” or “trust your gut” are a couple of popular adages that have been around for years, and there’s good reason! These sayings have proven to be sage advice in many situations, including home buying. Your intuition can be very telling – what does it tell you about this situation, or this house? If you know wholeheartedly that this is the house, this might be your moment to really go for it. If you’re experiencing serious reservations all of a sudden, that’s another sign to consider. Weigh you feelings with what you and your agent know about local market conditions and comparable home values to make the right decision about whether or not to make that 11th hour home your “home sweet home.”
Two popular fears of home buyers are choosing the wrong home or unnecessarily paying too much. Don’t let a high-pressure situation with other interested buyers cloud your judgement. Continue working with your experienced Luxury Living Fort Lauderdale agent, understand the facts and make an informed decision. A multiple offer situation doesn’t have to be an automatic dead-end.