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Contact Charlie Mowery

Phone: 435-619-3422

Email: cmowery@infowest.com

Aug 21, 2014

Strategies For Bidding On a Home

Getting The Best Price For The Best House

When shopping for a new home in St. George, Utah, you want to get the best price for your dream home. That’s understandable, and we are here to help. With all the homes for sale in St. George you have a lot of buying options, so you’ll be exposed to bidding on different homes. That’s why we are here to give you the best strategies to use when bidding on a house. These strategies will not only help you get a decent price, but also help you avoid getting bidded out by someone else.

Cash Always Wins

In a world where patients are thin, sellers jump at an opportunity to receive fast cash for their home. Most sellers are willing to receive a lower price for the house if they can get the amount in full at the time of the purchase. Now that might be hard for more expensive homes, so offer what you can in cash. A study in Miami showed that buyers were 127 percent more likely to win the bidding war when they offered to pay in cash. It really does pay off, literally.

Pre-Inspect the Home

This one is a win-win situation for you and for the seller. Having the home pre-inspected informs you about what you’re really buying. And it shows your commitment to the seller. What you’re really saying to the seller when you have the home inspected is, “I am serious about buying this home, I know what’s wrong with it, and I am not going to ask you to pay for repairs after purchase.” You feel good about it, the seller does too, and the next thing you know you’ve won the bidding war.

Write a Love Letter

Send the seller a nice cover letter with your offer. Explain to them why you want the home and some of your future plans for it with your family. Throwing in a compliment or two about the landscaping or home decor won’t hurt either. The letter will make you more personalized instead of just a number to the seller.

Hopefully these tips help you on your next bidding war, but before bidding on any home make sure that you are fully aware of what you are buying and evaluate how much the home is really worth in YOUR opinion. Purchasing a home for sell in St. George, should not be an impulse buy.

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