Buyer Agency tagged posts

Best Bets to Avoid a Bidding War

bidding-war

This isn’t the typical post on this topic which tells you to make your best offer first, include proof of funds/financing with the offer, avoid contingencies, and have a flexible closing date. Below you will find a list of communities describing their recent history with above asking price sales as well as strategies to help you avoid situations where you may be in competition with other buyers.

Most people agree we are currently in a Seller’s market. Demand is high and in most areas inventory is low which has led to an increase in multiple offer situations (often referred to as bidding wars).  I took a look at sales data in 13 cities and towns in the Greater Lowell area to find out where was a buyer’s best chance to avoid a bidding war...

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