In Friday's episode, I talk about How to Prepare for a Bidding War. Some interesting facts taken from NASDAQ, National Association of Realtors, Bank of America, and Realtor.com state that:
55% of August 2020 home sales resulted in a bidding war.
69% of homes sold were on the market for less than a month. With so few houses available today, competition is heating up among homebuyers. Be ready for a bidding war with these 3 tips.
Keep in mind there are few homes and limited land for sale this year and you have to be prepared to win.
1) Get Pre-Approved
2) Know What you Can Afford
3) Make Your Best Offer
Being prepared means you'll be able to move quickly and confidently in today's competitive marketplace. Reach out to the Hartman Real Estate Team today to talk about how we can prepare you for a potential bidding war.
