Comments on: Winning a bidding war for your new house http://blog.findwell.com/buying-a-home/winning-a-bidding-war-for-your-new-house/ Seattle Real Estate Info, Advice, Statistics & Discussion Thu, 19 Jan 2012 01:51:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Kevin Lisota http://blog.findwell.com/buying-a-home/winning-a-bidding-war-for-your-new-house/#comment-252 Kevin Lisota Sat, 13 Mar 2010 19:47:09 +0000 http://blog.findwell.com/uncategorized/winning-a-bidding-war-for-your-new-house/#comment-252 Barista,<br><br>Speaking from recent experience, it was very worthwhile for our buyers who got into a bidding war. The homes they were able to purchase were exceptional compared to all of the other homes we have been seeing. The houses had better floor plans, were in better condition, and had very attractive prices compared to the bulk of the inventory. That is why there was a bidding war in this market.<br><br>I had one recent client pay list price, and one pay just over list price. At the end of the process, it was clear that they were paying a fair market value for the homes, which were much better than the 30-40 other homes we had seen.<br><br>It can be worthwhile to compete for a home, even when there is a lot of inventory, provided you are prudent on your bid amounts. Barista,

Speaking from recent experience, it was very worthwhile for our buyers who got into a bidding war. The homes they were able to purchase were exceptional compared to all of the other homes we have been seeing. The houses had better floor plans, were in better condition, and had very attractive prices compared to the bulk of the inventory. That is why there was a bidding war in this market.

I had one recent client pay list price, and one pay just over list price. At the end of the process, it was clear that they were paying a fair market value for the homes, which were much better than the 30-40 other homes we had seen.

It can be worthwhile to compete for a home, even when there is a lot of inventory, provided you are prudent on your bid amounts.

]]> By: Barista http://blog.findwell.com/buying-a-home/winning-a-bidding-war-for-your-new-house/#comment-251 Barista Sat, 13 Mar 2010 12:42:14 +0000 http://blog.findwell.com/uncategorized/winning-a-bidding-war-for-your-new-house/#comment-251 The best way to win a bidding war in this market is to just walk away. You lost the moment you get into the "bidding war" mindset. I can't understand why anybody would get into the emotional bidding war situation when there are so many houses available on the market. The best way to win a bidding war in this market is to just walk away. You lost the moment you get into the “bidding war” mindset. I can't understand why anybody would get into the emotional bidding war situation when there are so many houses available on the market.

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