Showing posts with label Homes in Maple Valley. Show all posts
Showing posts with label Homes in Maple Valley. Show all posts
Bidding War on Home Prices
As bidding wars soar in select areas. What is your strategy?
A few items to really think about:
LOCAL lenders with a good reputation! I can recommend them. As realtors we KNOW
who is going to take you all the way to closing on your transaction. Should you present a shady lender or non-local source they will strongly recommend their clients take other offers!
who is going to take you all the way to closing on your transaction. Should you present a shady lender or non-local source they will strongly recommend their clients take other offers!
Be READY to compete! Have your accounts in order, be ready to jump as soon as the house hits the market.Believe me if you like it so will someone else!
Escalation Clauses can help... Basically, you agree should they get other offers to go a certain amount OVER the other offers up to a certain amount. Considering some of the increases($20-90K) though, keep in mind if you aren't digging deep in certain neighborhoods this may still not win the bid!
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