We know it may be hard to believe, but despite all the challenges the world has faced in 2020, the real estate market is still moving along quickly. Inventory of homes has been an ongoing issue in the DMV for years and shows no signs of changing in the foreseeable future. As restrictions start to lift and more buyers and sellers enter the market, we expect to see the traditional Spring Market rolling right into the summer and with that comes multiple-offer situations.
If you are thinking about making a purchase, there are some strategies you should consider before you are faced with an offer deadline and need to make a quick decision. Not every tactic will work for your situation or will be needed on every home you see but it is important to know what options you have available and which ones you are comfortable trying. This is not an exhaustive list but these are some of the more common approaches clients, and the other buyers competing for the same house, use to win the deal.