Bidding Wars!
Thursday, April 9th, 2009
- Image by Giorgos~ via Flickr
Can you believe that there are bidding wars again for properties? I have seen this first hand as we have had buyers lose homes because they low bid. The bottom line is, you have to bid fair value for a property no matter what the seller is asking, because if you don’t, someone else will.
As the seller, the best way to get top $$$ for your property is to offer it lower than fair market value, then you will likely receive multiple offers and get more than you originally wanted in the first place.
Read more about the bidding wars at http://www.realtor.org/RMODaily.nsf/pages/News2009040901?OpenDocument.
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