Buyers make strong offer after losing out in previous bids

Vancouver Home Sales News

Buyers make strong offer after losing out in previous bids
Done DealsReal EstateNodelphi
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Five-bedroom house in Port Coquitlam, B.C., sold just before sales dropped off

The 3,700-square-foot home has five bedrooms, four bathrooms and two fireplaces.This house was built in 1988 and sits on a 5,660-square-foot lot in the Citadel Heights neighbourhood, in a cul-de-sac.

The large, 3,700-square-foot home has five bedrooms, four bathrooms, two fireplaces, and six parking spaces. Although the house is dated, the staged house presented as bright and spacious. The new owners plan to do a renovation.Listing agent Dennis Sepulveda’s buyers had put an offer on a home that had been on the market for more than 100 days and lost out to another offer. Then they lost out on two more homes that also went into multiple offers and sold far over asking.

“What helped tip the scale in our favour was that we included a personalized letter with our offer. Selling a home can be an emotional decision, so including a letter can sometimes help your chances of getting accepted, even if you don’t have the highest price. “In the end, the seller was happy that the home went to a lovely family, and my buyers were very grateful and relieved to have secured a home before prices went up even further.”“The spring market started with a bang, and buyers came out en masse,” says Mr. Sepulveda.

“I’m getting a sense that there is a lot of fear regarding rising inflation, and many buyers are waiting for interest rates to come down more.”

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