How to Set a Bid For a Home | DT Properties in Littleton, CO
You hear it a lot. Should I bid more than asking? Should I offer more than what the listing price is? And then you also hear, I would never pay more than the listing price or I'd only pay less, well, let’s consider this.
I meet many buyers with different personal rules about what they're willing to bid. Today, I'm guiding you through the ins and outs of how sellers list their homes and telling you how buyers should decide their offers. If you have a good agent, and a level head, you'll be able to set the right bid and purchase a home successfully.
The listing price is merely a suggestion. It's a number that the seller chose to list their house at. Does that mean it's always right? Absolutely not. So I would encourage everybody here to consult with a real estate professional to help you understand what the market value is. The market generally figures things out. The market is very efficient.
At the end of the day, the most important thing to remember is property is worth what a buyer's willing to pay. It is supported by comps and other factors, but in the end, a property's worth what a buyer's willing to pay.
So, I think it's really important to make sure that you have a level head while shopping for a home. I know that buying a house is so exciting. It's highly emotional and, and it can take you through all sorts of ups and downs. Try not to get too high and try not to get too low during the process.
If you don't get it, if there are multiple offers, it’s vital to remember the seller can only choose one offer. If it's not you, it's not you, that’s just going to happen sometimes. Maybe somebody else made a bad decision and paid too much. As long as we're sticking to our game plan, making good and solid decisions. You’re going to be set up for long-term success.
A good real estate professional will help you see that through a different lens. A great real estate professional won't steal the excitement of purchasing a home from you, but they will help ground you during the whole entire process.
No transaction is ever perfect, there's gonna be speed bumps. It's important for you to remember that while you're house shopping and it’s vital to have an experienced professional there to help you get over those speed bumps and into a great home.