Source: The Rogersville Review —
You’ve worked with a realtor to scour the listings, toured what feels like a thousand houses, and finally found it: the house you want to call home. The next step is to make your purchase offer, and if you are like most people, the prospect can be quite intimidating.
Even though our market is beginning to settle down, it’s still very much a seller’s market. That means even more pressure on the buyer to submit an impressive bid. It begs the question: How can you make sure that the offer you submit is the one that is accepted?
In a seller’s market, home prices are higher, and inventory is lower. This means you are more likely competing with multiple bidders. Those situations are beginning to decrease, but they haven’t gone away. That means in a competitive market like ours, buyers still need every advantage they can get, and working with a REALTOR® to make the best purchase offer is a smart move. And believe it or not, the bid with the highest price is not always the one that wins.