Home buyers in Prosper real estate market today are confronting a double whammy of low inventory of homes in Prosper and increased competition from other home buyers in Prosper. This is resulting in multiple offer situations in Prosper and buyers are getting tired of submitting offers and getting rejected. If you find yourself in this situation, here are a few reasons that you are might be facing repeated rejection from home sellers in Prosper.
Your purchase contract submitted to the seller has mistakes
If you are working with an inexperienced real estate agent in Prosper, the purchase offer being submitted on your behalf may not be complete, may not be filled correctly, may be missing required addendums or may have incorrect information. Submitting an incorrect or half baked purchase offer in this market will result in your offer getting moved to the bottom of the offers that the seller is considering. The reason is that the listing agents in Prosper and the home sellers in Prosper want to avoid working with agents who do not seem competent in this market especially when they have multiple offers. Incomplete or improperly completed contracts can lead to legal issues for the seller during the transaction and there is no reason for a seller to put themselves in this position when they can choose who to work with.
The worst thing about this situation is that, as a buyer, you will never know why your offers keep on getting rejected!
Working with an experienced Prosper Buyer's Agent can help you avoid this trap and become successful in buying a home in Prosper in this crazy market with multiple offers on every home sale.
You are focusing on price only
Sales price of the home is only one of the variables that are considered by the seller in Prosper when making a decision about which offer to select in case of a multiple offer situation. Other things that are part of a strong offer include amount of earnest money, owner's title policy payment, lease back to the seller etc. Here is a list of some other factors that can be tweaked to make your offer stand out in case of a multiple offer situation in Prosper.
Your Prosper Buyer's Agent or Prosper Real Estate Agent should be able to discuss these options further with you.
You have picked the wrong lender
Online dot com lenders and big banks providing mortgage services are notorious for not closing on time, for providing pre-approval letters to buyers without the required due diligence and for last minute conditions that either delay or cause the deal to go south leaving the sellers in a bad situation. In a competitive market where a seller has multiple offers, presenting a letter from a big name bank or an online lender moves you to the bottom of the seller's list of potential buyers. Your Prosper buyer's agent should have recommended some reputable local lenders with a good track record for getting pre-approval before you start the home search process
You are not putting the best foot forward when submitting the offer for home for sale in Prosper
Sellers typically request a best and final offer and give a deadline to submit an offer in a multiple offer situation. Sellers expect the buyers to send in the best offer the buyers can. There are really no second chances in this market. Sellers generally will not counter the offers once they have received the offers and will usually pick the best offer available. So next time, offer the best terms you can to the seller when you submit the offer the first time.
You are waiting too long to submit an offer
Even though home sellers in Prosper may provide a best and final offer deadline, they may decide to pick an offer that comes in long before that deadline if they feel that the offer is a really good offer without waiting for other offers. It is not fair but it happens. So you want to make sure that you are among first buyers to visit the property and to submit an offer as soon as you can if you like the property.
These tips can all have an impact on whether a home buyer in Prosper has their offer accepted when there are multiple offers. It’s inevitable that in a multiple offer situation, there is going to be at least one loser. The most important tip of all, which isn’t listed above, is that a buyer has a great real estate agent working on their behalf who can help them submit a winning offer!
ADDITIONAL BUYER RESOURCES
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Ready to buy a home in Prosper?
Choosing an experienced, qualified buyer’s agent in Prosper is an important step in buying the home you want at a price that fits. And, as we’ve shown, a buyer’s agent will help you get a home in this competitive market in Prosper. As a Prosper buyer’s agent, my mission is to deliver a seamless home buying experience for our clients by combining exceptional client service, hyper local market expertise, innovative technology and savvy negotiations. Wouldn’t you like to shorten the search, find your dream home in Prosper, and avoid stress? If so, give us a call today at (469) 269-6541.
I am a CRS, GRI, REALTOR®, Broker Associate and would love to help your clients relocating to the Dallas metro area. I cover the Dallas-Fort Worth metroplex and love working with families relocating to Dallas Fort-Worth. I help families buy and sell homes in Dallas, Fort Worth, Frisco, Celina, Prosper, Plano, Coppell, Irving, Southlake, Lakewood, Colleyville, University Park, McKinney, Allen, Flower Mound & Trophy Club. I provide services in Dallas, Collin, Denton and Tarrant counties.
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How We Help You Buy Your Home In Prosper
In this competitive sellers market in Prosper, You need a top Prosper real estate team and an experienced Prosper Buyers Agent to work hard for you and guide you through the home buying process. Our top Prosper Real Estate Agents are devoted to helping our clients find the right home, at the best price, and with a minimal amount of stress and disruption to their lives. Our goal is to find the home in Prosper that will make you happy and successful in real estate ownership.
When you hire us to help you buy your first home in Prosper, we want to know what you want and how much you can afford. We will find a way to merge these two priorities and find a residence you will enjoy owning for years. Starting with the first interview to determine your requirements to the moment we present the keys to your home in Prosper, we - top Prosper Real Estate Agents - will walk you through the complicated home-buying process in Prosper. We will share our expertise to educate you on the market and the process of buying a home, so you will be prepared to make the best choices and feel comfortable with all of your decisions.
About us: Top Prosper Real Estate Agent & Prosper Buyer's Agent
If you are planning to buy a home in cities like Frisco TX, Prosper TX, Dallas TX, Celina TX, Lewisville TX, Keller TX, Southlake, TX, Plano TX, McKinney TX, Allen TX, Plano TX, Coppell TX or Colleyville TX, contact us. Our excellent Home Buyer Real Estate Services provided by top Real Estate Agents will make buying your first home much easier and will make your Prosper TX relocation less stressful! Check out our Prosper Relocation Resources at http://www.nitinguptadfw.com/dallas-relocation-real-estate-agent