BiggerPockets Real Estate Podcast

826: 5 Steps to Get ANY Home Offer Accepted (WITHOUT Being the Highest Bidder) w/Christian Bachelder and Lindsey Iskierka

Oct 3, 2023

Real estate experts Christian Bachelder and Lindsey Iskierka share tips on getting your home offer accepted in the tough 2023 housing market, even if you're not the highest bidder. They discuss strategies for tailoring your offer, the importance of pre-approval, and how to build trust with listing agents. They also cover negotiations, scaling your portfolio, and selecting the right real estate agent.

01:05:40

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Episode guests

Lindsey Iskierka

Christian Bachelder

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Episode notes

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Quick takeaways

Building rapport with the listing agent can increase the chances of having an offer accepted.

Continuous communication between the lender and the buyer's agent is crucial throughout the escrow process.

Buyers can leverage their relationship with the lender to improve deal terms during escrow.

Deep dives

Building rapport with the listing agent

To increase the chances of having an offer accepted, it is important for the buyer's agent to build rapport with the listing agent. This involves reaching out to the listing agent before making an offer, introducing the buyer and highlighting their qualifications, such as being pre-approved with a reputable lender. By establishing a positive relationship and showing professionalism, the buyer's agent can gather important information about the seller's preferences and priorities, allowing them to tailor the offer accordingly.

Introduction

4min

The Rise of Land Flipping as a Profitable Real Estate Sector

3min

Navigating the Tough Real Estate Market

20min

Strategies for Making a Standout Offer and Tips for Lenders

5min

Ads for Pine Financial Group, VACASA, and Zoom

2min

Building Trust and Managing Uncertainty

2min

Building Rapport and Negotiating Seller Credits

26min

Choosing the Right Real Estate Agent and Scaling Your Portfolio

5min

The 2023 housing market may be the “toughest real estate market” we’ve ever experienced. But, after this episode, we bet your home offer will get accepted, even during a wild seller’s market, even if you’re not offering the highest bid, and EVEN if this is your first time buying a home. While you may THINK that sellers always choose the “highest and best” offer that comes their way, we have a few experts to prove that that’s rarely the case and how you can win even in an impossible housing market.

First-time home buyers and veteran investors alike are feeling the sting from this never-ending sellers market. There are still more buyers than sellers, and bidding wars have come back into fashion. Thankfully, a few quick tips from today’s expert agent, Lindsey Iskierka, and David Greene’s own mortgage broker, Christian Bachelder, can help you win the home you love or your next cash-flowing, equity-boosting investment property.

We’ll walk through the five steps ANYONE (yes, even you) can take to put yourself in the BEST position to make a bid on a property, how your lender can ensure you DON’T get squeezed into paying more, and the biggest mistake new home buyers make that are costing them their dream home. Stick around because once you put these tips into practice, you could have too many accepted offers on your hands.

In This Episode We Cover:

How to get your home offer accepted in 2023, EVEN if you’re not the highest bidder

Pre-qualification vs. pre-approval and why you CAN’T mistake the two

Why you MUST call your lender before putting in ANY property offer (save THOUSANDS)

The “rate stack” that could lead to a lower mortgage rate or a credit to closing costs

The powerful negotiation tool that could land you tens of thousands at closing

One common “hiccup” you MUST avoid when closing on your next property

And So Much More!

Links from the Show

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