Thursdays Talking Points 📢 Bidding wars are common in today's crazy market, but a successful bid is not just a matter of offering the most money! Preparing your buyers are key.
Multiple offers on a house are increasingly common in the current property market, with almost all areas experiencing record levels of demand. This means a tougher competition for homes, and buyers often finding themselves in the middle of a bidding war – stressful, to say the least.Â
First-time buyers tend to read up a lot on how to buy a house, a situation where you're competing against multiple offers nearly always catches buyers off guard. If you know you can't offer more than you already have, is it a case of just walking away and not wasting any more of your time?
Bidding Wars Informative Article on Realtor.com
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