HOW TO WIN A BIDDING WAR?
So, you’ve finally found your absolute dream house . The size is perfect, the neighborhood is lovely and it’s not too far from work. There’s just one problem; it’s somebody else’s dream home as well! The last thing anyone wants to do is get into a bidding war. Residential properties, particularly starter homes, frequently sell for considerably more than the asking price as bidding wars become more frequent, leading to additional stress for homebuyers. Not to worry; there are a few things you can do to make your offer more appealing and improve the likelihood that the seller will accept it. BE AWARE OF YOUR FINANCIALS In other words, you need to fully understand what you can and cannot afford. Take a close look at your finances before you begin house hunting. Create a monthly budget that you can manage effectively, taking into account the additional costs related to home ownership (property taxes, utilities, mortgage payments and ongoing maintenance of the pro...