How To Buy A Home: Step 6 – Highest & Best

February 24, 2020

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We are currently in a very competitive seller’s market, so there are bidding wars for many homes. Highest and best means that a seller has received multiple offers on their home, so now they are asking all interested parties to submit an offer with their highest price and best terms.
In this video, we cover tips for how to make your offer stand out in a highest and best situation, especially if you are a first time home buyer. Although setting your highest price may be fairly straightforward, there are numerous terms you can adjust to increase the competitiveness of your offer. From your down payment to an appraisal contingency to closing time, there are a lot of ways to create the best terms possible for your offer.
MORE VIDEOS: To learn more about closing costs, WATCH HERE: https://youtu.be/hadLUIeQMTI For an intro to seller’s concessions, WATCH HERE: https://youtu.be/5JQpqM5Ubzs For Pre-Approval: 5 Reasons It Can Make You Happy, WATCH HERE: https://youtu.be/l15fNtUlbjs If you are interested in short sales or learning what they are, WATCH HERE: https://youtu.be/UZVT_MufqNA
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PROFESSIONAL EQUITY ASSESSMENT REPORT: If you would like to receive a professional equity assessment report in order to know the current market value of a home you are interested in buying, you can visit www.homepricebronx.com.
WEBSITE: You can also visit my website at: www.justinsimmonsbronxhomes.com to search for Bronx real estate (and beyond) and to find additional content regarding how to buy a home.
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