How to Compete in a Multiple Offer Situation

In Minneapolis/St. Paul we are currently very much in a seller's market, meaning that there are far more buyers than sellers. As a result, homes are selling quickly with offers coming from multiple buyers.As a buyer, this can be an overwhelming prospect. Winning in a multiple-offer situation is attainable and sometimes does not require the highest offer but rather a better understanding of the seller coupled with a strategic approach. Here are some of the tactics that can be utilized to ensure your offer is the winning one: