Multiple offer strategy for Coquitlam buyers — how to actually win.

Step 1: Confirm the seller's priority

Some sellers prioritize price. Others prioritize closing date, financing certainty, or no subjects. Your REALTOR® finds out before you write.

Step 2: Tailor your offer

Match the seller's priority. If they want quick close — write for their date. If they want certainty — minimize subjects. If they want price — your highest reasonable number.

Step 3: Subject-light is powerful

Pre-approval letter attached, financing arranged in advance, inspection done in advance (or skipped — risky), strata documents reviewed in advance. Each removed subject increases offer attractiveness.

Step 4: Personal letter

A short letter explaining who you are and why you want this specific home occasionally tips a tied bid. Don't manipulate — be honest. Some sellers are influenced; others aren't.

Step 5: Escalation clause

Offer X with an escalation clause: 'auto-increase by $5K up to maximum $Y if there is a higher competing offer.' Used carefully. Confirm legality with your REALTOR® and lawyer — escalation clauses have specific BC requirements.

Step 6: Strong deposit

Larger deposit (10% vs. standard 5%) signals seriousness. Especially relevant for nervous sellers.

Step 7: Avoid these mistakes

Lowballing in a hot offer scenario (you lose). Overpaying without due diligence (you regret). Skipping financing subject without unconditional approval (you lose deposit if it falls through).

Step 8: Walk away discipline

Set your maximum BEFORE you write. Walk away above it. Multiple-offer regret is real, but post-purchase regret on overpayment is worse.