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Updated about 4 years ago,
5 Ways to Win A Multifamily Deal ✅
Joe Fairless explains 5 Ways to Win a Bidding War (Other Than Paying More Money).
1. Offering hard EMD ✅
2. Shorten the Due Diligence Period ✅
3. Sign an Access Agreement While Negotiating the Contract ✅
4. Use and Mark Up Their PSA ✅
5. Guarantee Closing by a Certain Date ✅
Seems like offering hard EMD is a ‘must do' in this market. We recently submitted an LOI that offered a 20 day due diligence period on top of hard EMD.
What are you doing to be unique and competitive to win deals in this market(other than offering a higher price)?
Great article by Joe Fairless