Winning a Multiple Offer Situation in Lake Tahoe

When it comes to the Lake Tahoe market you will soon realize it isn’t as easy as submitting an offer and buying a home. With the market at an all time high it might take multiple offers in order to secure a home for yourself. If you are in a situation where you might be competing with multiple other offers its probably best to understand where you might come out ahead. First off, you will want to have a local real estate expert helping you along the way. The local agents will know how much these homes are going for and what will make your offer stand out from all the others. Whether it is the advice of coming in a bit over asking price or having a shorter escrow, the agent will know best. Understand with this crazy market that you might have to do this a few times on different homes in order to purchase a home. Winning a multiple offer situation is most likely going to come down to price and terms. If you can make it cash do so and if you can make it a quick close with little riding on the seller make it happen! Making life easier with solid terms for the seller is what it’s all about. Don’t overthink the process and don’t get frustrated. When a market is hot you have to be patient and understand that eventually it will work out for you. Be consistent and if you can add value to your offer in any way then you should by all means do it! Lake Tahoe just like most of the country is experiencing a market that is roaring. With little inventory and a high demand winning multiple offer situations is tough. Be prepared when a house hits the market and work with your agent to secure what might be your next home!