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Bidding War Dilemma

August 5, 2009 REAL ESTATE, Uncategorized No Comments

What can you do to get ahead of the pack and make your offer stand out above the rest?

First  off  all is the price, we no longer can think of getting a deal and offering less than is asked. In this market   you will not achieve your goal. You must do the reverse to attain your condo, and that is offer more than is asked, think that’s enough think again. All the others will be coming in with the same idea. So you have to make it a substantial increase and still that may not guarantee you get it.  Next is the conditions, have you got your financing in order, has your mortgage broker told you how high you can go. This will give you a good indication on how much you should offer. Also if you have a mortgage commitment letter you might want to go in without a financing condition. As well a home inspection do you feel comfortable enough to put in an offer without have a qualified home inspector inspect your condo?

These things will insure you a greater chance of obtaining your dream condo. After all it is still conditional on your lawyer reviewing the status certificate .

Good hunting !

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