Five Quick and Effective ways to be the Winning Bidder in today’s market - Savvy Buyer Series Part 1 Artwork

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Austin Real Estate Guru

Five Quick and Effective ways to be the Winning Bidder in today’s market - Savvy Buyer Series Part 1

June 01, 2022 • Lisa Marie Contaldi • Season 2 • Episode 1

0:00 | 6:04

Beginning of a 5 part series for Buyers. We'll discuss how to be a savvy buyer when the odds or number of participant bidders might be stacked against you !

I'm Lisa Marie Contaldi, and my family has proudly called Austin home since the late 80s. Over the course of my career. I've had the privilege of celebrating 100s of success stories, helping buyers and sellers create memorable housing experiences while reaching their financial goals.  We've all witnessed the incredible transformation of a rapidly evolving housing market in Austin. With change comes opportunity. So, is it time for your next move?  Follow me on YouTube at Lis

WE ARE knowledge brokers offering an authentic ongoing conversation that will develop your natural intelligence in real estate and other endeavors.
http://lisacontaldi.com

Today I'd like to start a 5 part series for buyers. Well discuss how to be a savvy buyer when the odds or number of participant bidders might be stacked against you

Here are Five Quick and Effective ways to be the Winning bidder in Today’s Market

Yes it is still a sellers market in Austin TX. There’s only a .8 of a one month supply of homes per ABOR in April. Yes it is up from a .5 month supply but that’s still less than one month. We can start to call it a buyers market again when we get to 4, 5, and 6 months. A Limited labor pool and materials cost is discouraging builders from taking down lots which means we have a lower supply homes to compete with resales.

Let’s talk about How to tame the elephant (the seller)

Show gratitude vs vengeance it’s contagious!

Friends You have to believe that you can succeed before you do. You must believe the universe will cooperate with your intentions but the timing might be different than what you originally Planned

Here’s my top FIVE

Quit being so smart; drop the brute force method Of cramming your offer in. show kindness and the law of reciprocity will apply -Here’s a solid example offer a free seller lease back. Stand out by giving versus taking
Present yourself with evenness as a solid entity low risk vs dramatic to the seller Example write an email to the listing agent or cover letter that factually explains your situation
Be Steadfast Make Swift decisions I E prepare to up your price if there are a lot of players depending on the home’s condition
Be realistic by Looking at the percentage over list properties are selling for in the area you seek. This includes realizing your chances might be one in five or 10 versus one in 3 three to get in a house before you start making offers
If it’s possible add one more piece of paper called a back up addendum and file a backup offer there’s a 50-50 chance that first deal gonna flake. Why well often it’s a cash offer easy come easy go! Cash buyers are everywhere and they are not as emotionally invested very often they are investors House flippers or they’ve made multiple offers on multiple properties at the same time.

That’s it!! stay tuned for my second of five topics had to be a savvy buyer