NOLA Home Buying Advice: Should You Write Offers on Multiple Properties at the Same Time?

    New Orleans real estate | Uptown house

    In some segments of the New Orleans real estate market, competition can be fierce among buyers.

    We’ve seen some of our buyers miss out on houses because they either weren’t fast enough in making an offer or they were plain old outbid on a property.

    As a result, we’ve been asked if they should write offers on more than one house at a time.

    The short answer? No.

    What happens if more than one of your offers are accepted? Are you financially able to buy multiple homes? Most of us are not.

    Now, we can probably get you out of a multiple contract situation during the inspection period, but is that really fair to a home owner that is taking their house off of the market in good faith? Not at all.

    Our recommendation is to move quickly when you see the house that you like. Odds are, if it catches your eye, it’s on the radar for another buyer too.

     


    Searching for the right place in New Orleans to call home? We’ve got them all, right here. Thousands of homes for sale, experienced agents and someone waiting to help you today. Call us at 504-327-5303 or contact us here.

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    Our agents write often to give you the latest insights on owning a home or property in the Greater New Orleans area.