How To Lose A Bidding War In 5 Easy Steps!

In today's tight real estate market here are a few things you can do to pretty much guarantee you to have no shot in a multiple offer situation:

In no particular order...

1. Don't show up - This goes for both the Buyer & the Buyer's agent. Be far away so that getting changes (if needed) to an offer signed off on seems impossible within the various irrevocable deadlines of the other offers. Don't present in person, just be a piece of paper with a number on it.

2. Ask for things that are clearly marked excluded - By all means ignore the Seller's direction as to what's included & what's excluded, that will set your offer apart from the others for sure...apart, like off the table!

3. Choose any old agent...we're all the same after all! -

a) Work with a Buyer's agent who doesn't know what they're doing - Choose a             REALTOR® who doesn't know the market area or how to structure an offer for multiple offers, or who chooses not to present the offer in person & see how well that works for you!

b) Work with a Seller's agent who doesn't know what they're doing - You can't control this one if you're on the Buying side but know that the flip side of Buyers' agents who don't know what they're doing is the Seller's agent who doesn't know what they're doing...who don't follow the rules or even worse don't know what the rules are!

4. Fly by the seat of your pants - Don't worry about pesky details like having your financing in order or your deposit funds liquid...nobody's going to ask about that when they're comparing the merits of several offers to determine which one to work with!

5. Submit an offer that's not properly executed - This is not an offer...period. See #1

This is all tongue-in-cheek of course & keep in mind that you can do everything right & still not have the outcome you're hoping for but these are 5 recently experienced and/or heard about scenarios that will ensure that you do NOT "win" the house you are bidding on!

And in the "be careful what you wish for" category, here's a crazy story out of the US about a woman charged with the felony stalking of a couple that she lost to in a bidding about it HERE

Have a fabulous day!

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