Hermosa Beach Real Estate Outbid with a Lower Price?

May 21st, 2011 · No Comments

It’s true, you heard it here first. It’s possible to win in a bidding war without driving up the price. I recently helped a buyer searching for Hermosa Beach Real Estate win a bidding war on a townhouse with a lower offer then the competition.

What is the trick?

Good old fashioned attention to details.

Here is how the story goes…The property came on the MLS but stated no showings until after the Brokers open house. I knew my buyer would love this place, so I let them know when the Brokers open house would be and had them take a long lunch. Of course, every other Hermosa Beach Real Estate agent knows that trick and there was a flood of buyers there checking out the place at the same time as us.

It was very obvious that offers were going to be written that day, so we determined a fair price and I called up the agent to submit the offer. Just as we had suspected other offers had already been submitted as well. The selling agent asked me the amount and details of the offer and I let them know I would stop by to deliver it in person. I have a secret method of delivering the offer that always impresses the selling agent…only my buyers get to know that secret…

The next day I got a call from the selling agent letting me know that ours was the lowest of all the offers, but since it was written so flawlessly and because of my presentation they were going to accept the offer that day. Turns out the sellers were confident that we could bring the deal to a close in the time frame they needed in order to close on their up leg property. All the other offers although for more money contained so many mistakes that it left the agent and sellers wondering what would happen if these mistakes continued through the entire process.

So, when buying Hermosa Beach Real Estate and you want to win in a bidding war without losing your shirt, you need an agent that not only knows how to find property, but also knows how to deliver quality contracts. Give me a call 310-283-8086 or email and let’s find you a deal…

Tags: Beach Cities · Buyers · Hermosa Beach · Real Estate Investment · South Bay

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