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7 strategies for navigating multiple offers


Here are seven strategies to reduce your stress, serve your clients, and come out on top!
1. Education is key!Your clients are overwhelmed by the current seller’s market. Help them understand that inventory shortages, historically low mortgage rates, and high demand create intense bidding wars. If you set the right expectations, your clients won’t be blindsided as a multiple offer scenario plays out.
2. Have financials in order. Do a full budget review with your buyers so they know precisely how much they can afford to offer as earnest money, option (or due diligence) fees and what their mortgage payments would be. Next, refer your clients to your preferred lender for pre-approval before starting the home search. ....

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