Home Bidding Wars: How to Get an Edge on the Competition
As we all know, the housing market is always changing. According to a report from CNBC, the market could be shifting sooner than we thought. With less inventory, bidding wars are more likely to occur.
Synergy Realty Networks wants to help you get an edge on the competition. Here are a few tips to make the very best bid.
Gauge the Market
A great first step in the bidding war is to gauge the local housing market, according to Bankrate. Talk to your realtor and find out if the market is hot or cold at that particular time. That could determine where to come in with your bid. Your agent will also pull comps to see what nearby, similar homes are selling — and at what price.