So, I'm about to head into the dreaded "competitive bid" situation tomorrow on a new place. Anyone have any good tips on how best to win this?
Someone mentioned a stupid yet what they thought was effective, out bid by some stupid little amount, like $100,001 (assuming conditions were similar). Not sure if that really makes a difference. Might even PO the seller IMHO.
Should I go in with my "all in" amount or keep some in reserve? I might not get a chance to counter right?
Forget waiving property inspection, the place is from the 80's. I've got to have one. Could probably waive the financing one, mortgage shouldn't be a problem, and bridge financing should be a problem as long as I move my current one.
Man this sucks.
