As many markets continue to heat up, both buyers and sellers are facing multiple offer situations. If you're a buyer in a bidding war, here are some tips to give you an edge:
1. Get pre-approved by a local lender so your agent can attach a copy of your pre-approval to the offer.
2. Think unevenly. An uneven offer price such as $251,000 instead of $250,000, will stand out from the others, and it my just beat an offer that came in at a slightly lower figure with an even bid.
3. Be flexible. The fewer contingencies and the cleaner the offer, the better the chance you have to win a bidding war. Have your agent find out the seller's ideal closing date, and offer to make it happen.
4. Don't get distracted. If you find yourself caught up in the excitement of a bidding war, step back and reassess if the home has everything you want and need.
Good Luck and I hope these tips help!
Author:Cindy Waters Phone: 936-760-5734 Dated: July 15th 2012 Views: 1,850 About Cindy: I pride myself in my customer service ability, my knowledge of the lake, and the vast number of neig...