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How To Bid For A House?

How can you make your offer stand out so you win the house of your dreams in this tight real estate market? We want to share a few tips.

Before we dive in, let’s talk about the state of the real estate market. Typically the seller will put a price on their house, usually a little higher than they are hoping to get. How To Bid For A House? a buyer can then come in and negotiate the price. That’s what happens in a typical market.

That is not the case in the current market (May 2021). What we are seeing now is sellers pricing their house as high as they possibly can. For buyers, this means looking at the list price as your starting bid. You need to be prepared to go over the list price or use some of our tips, in this market.

For buyers, there are several things you can do to get your offer to catch the seller's interest including paying more than an appraisal, waiving the appraisal, waiving finance contingencies, and waiving the home inspection.

But there are other things that can help your offer stand out including offering to pay the title insurance, which is usually paid for by the seller. This would help the seller's bottom line and could make your offer more lucrative to sellers and that's one good example of How To Bid For A House.

How To Bid For A House? Another tip is if your max budget is $350K you should look at houses at $325K so you have some wiggle room to negotiate with the sellers. If you start at the top of your budget you’ll be capped out and won’t be able to negotiate, which will leave you frustrated.

Our team is familiar with the real estate market here in Tampa Bay and wants to put our years of experience to work for you. If you are looking to buy or sell it would be our privilege to help you. Call today!

Tim & Lisa Carroll, Realtors
Team TLC
Ranked in the "Top 100" of over 7,000 Agents
Mihara & Associates Inc
2440 Land O' Lakes Boulevard
Land O' Lakes, FL 34639

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