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Standing out in a crowded market

Some strategies can improve your odds of scoring a winning bid

Reports from various sources suggest that Rhode Island’s housing market is currently a seller’s market. This means homes are being snatched up quickly and at higher prices than in previous years, which WPRI reports is making it more difficult for young families to buy a starter home. While many people believe that offering the largest amount for a home is the surest way to win a bid, J.Christopher Real Estate Group assures home buyers that there are several aspects to consider that can make offers more appealing.

“When two competitive bids are presented to homeowners, they are more likely to choose the offer from the buyer that appears easier to work with,” said Jarrod C. Lewis, owner of J.Christopher Real Estate.

Lewis explains that buyers can give the impression that they will be more cooperative by making their bids objectively stand out. One way home buyers can improve their odds of their bids being noticed is by having a strong pre-approval letter from a reputable bank or lender. This indicates to the seller that the potential buyer will have the financing locked down when it comes time to finalize the sale, Lewis said.

“A concern many buyers have when accepting a bid is that the deal will fall through at the end,” Lewis said. By diminishing this variable, sellers have some assurance that the sale will be completed.

An alternative solution to get offers noticed is by removing some contingencies of the sale. “Sellers look at offers as a whole, and if an offer is contingent upon stacks of yellow tape, they will likely choose the buyer who is more open-minded about making their own repairs,” Lewis said. That being said, he suggests that buyers outline in their offer that inspections will be performed for major deficiencies only. This will let the seller know that cosmetic and maintenance issues won’t be knit-picked once inspections are completed.

Furthermore, Lewis wants home buyers to understand that the home listing price is just a mechanism to get conversations going. He says home buyers should refrain from making offers that  may insult the seller because they may not have an opportunity to rescind their previous offer.

“If you can envision yourself and your family living there for a long time, buyers have the option of disclosing the most they are willing to pay for the home and can sweeten the deal by offering a down payment. This would indicate to the seller that you are serious with moving forward.”

Obviously, there are many tangibles to successfully navigate the current real estate market. Regardless of the state of Rhode Island’s housing market, the agents at J.Christopher Real Estate have  the knowledge and expertise to help buyers move into their dream home. Speak with one of our agents at 401-830-6906 to schedule a home tour today.

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About Us

Built for people like us.
Licensed in Rhode Island, Massachusetts and Connecticut, J.Christopher Real Estate Group is the go-to real estate solution for people who value hard work and results. Whether you’re a first-time buyer or you’re selling your long-time family home, you’re always our top priority because you’re our client.

Led by Jarrod Lewis, J.Christopher Real Estate Group is a team of professionals working to provide our clients with personalized customer service backed by years of trusted, industry experience.

We treat people like we expect to be treated, and we understand the value of hard work. This means we will be there for you at night and on the weekends to answer your questions and guide you through the process.

Testimonials

Jarrod and his team were incredible. We worked with Jarrod and Lori on purchasing our first home and it was by far the best experience working with anyone on anything, I've ever had. I was confident knowing they were taking care of us throughout the home buying experience, and even now, after purchasing our home,

Justin Lizotte

We recently closed on our house last week and let me tell you how FLAWLESS and EFFORTLESS the process was with Jarrod's team! This was our first ever home buying experience and I am not sure what people say is so "tough" or a "nightmare". We worked with Erica and she was a rock-star throughout

Alyssa Toth

Lori McVey was nothing short of an excellent and amazing realtor. She is very knowledgeable and understanding and was conscientious to my situation, as well as the entire process of home buying and what to look for and do, etc. When I needed her to come through on something she did so and then some.

Kyle White

Can't say enough about Jarrod and his team. Honest and straight forward, I got a a strong sense of his integrity when I first met him and my first impression was correct. He and Stefanie were always available immediately when I called them. No waiting endlessly for a response or wondering why they hadn't called.

Kevin McGrath

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986 Hartford Avenue Johnston RI 02919

401-830-6906
info@jchristophergroup.com
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