One thing we thought we left in 2021? Bidding wars
The truth is, bidding wars are still very much a thing in 2024.
If you’re a prospective home buyer, you’ve likely heard about the chaos they bring.
Here’s what we've seen work best in these situations.
1) Be fast on your feet
To us, that means you're paperwork ready with a pre-approval letter in hand. You know your wants vs. needs. So when the right house comes along we're ready to pounce.
2) Embrace limited information
In a perfect world, we'd know every last detail about the listing, but in some cases, there won’t be time to look into it before offers are due. That doesn't mean you're going in blind - If your offer is chosen and you go under contract, you'll have the inspection period to do more thorough diligence.
3) Present your best offer at the onset. You may need to put it all out early without knowing what anyone else offers. Don’t hesitate to go for it — in many cases, buyers don't have the luxury of amending an offer later.
4) Keep the seller in mind. We’ll do some investigating to understand what’s important to the seller and submit our offer with their motivations in mind. This could look like a shortened closing timeline or a larger earnest money deposit.
Lastly - Choose a savvy agent with experience to guide you through the process. DM us with questions!