After searching the area for months, you’ve finally found the perfect home for you. But unfortunately, there is someone else who also feels the very same way, and you’re now on the cusp of an outright bidding war.
Now what?
While a bidding war is typically a seller’s dream scenario, the reality is that it isn’t necessarily always the highest price that will win the battle.
For instance, a seller who is being transferred to another area – and who only has a short amount of time to sell their home and move on – will likely lean more towards a buyer with a lower offer price, but who can close on the sale relatively quickly.
Likewise, if you’ve already been pre-approved for a home mortgage, but the other bidders have not yet spoken to a lender, it is much more likely that your offer will take the lead position.
With that in mind, by finding – and working with – the seller’s ultimate “why,” you will usually be able to prevail over other bidders who are offering a higher dollar price for the home, but are also less flexible in other areas.
Are you currently in the midst of searching for your next dream home? If so, we can help.
Whether you’re just beginning your home search, or you’ve been at it for a while with no luck, we can assist you with finding the right one. As experienced real estate agents, we know where to find “hidden gems” through word of mouth and networking with other professionals.
Plus, if you have a home to sell, we’ll provide you with a realistic valuation, so that you’ll know exactly where to start your listing price. So, Contact Us when you’re ready to make your next move.
