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How does offer strength factor into a real estate transaction?

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As we enter the spring market, it might be a good time to review what makes someone’s offer to buy another’s home competitive or not.

At various times in the housing market, we have seen where the need for a buyer to write a very competitive offer has been crucial to “win” the offer and to purchase the desired home.

If a seller receives six offers for their home, they will usually pick one that makes it easier for themselves in the transaction.

At other times, and in other scenarios, a buyer can ask for more agreeable terms from their perspective. Usually there are about three categories that buyers and sellers focus on when they are crafting and reviewing an offer.

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