Sentences with phrase «buyer in a bidding war»

In my opinion, an unsuccessful buyer in a bidding war could bring a lawsuit against a seller or brokerage who comply with an escalation clause, stating that they only put in their bid on the understanding that their bid price would remain confidential.

A common homebuying fear is losing out to another buyer in a bidding war.

Not exact matches

Such a liquid market, in which buyers were comfortably in the driver's seat — with bidding wars the norm and house inspections regularly waived all in the name of FOMO (fear of missing out)-- meant there was very little possibility of anyone with any sense allowing their home to go into default.

Auctioned off to an unknown buyer on the phone after a protracted, 19 minute bidding war, the masterpiece's road to fetching nearly half a billion dollars actually began in 1958 — when it originally sold for less than $ 200, an art dealer who once owned the piece told CNBC.

However in this unprecedented sellers market with record setting condo prices, bidding wars and ultra low inventory - buyers...

Recently, real estate boards in various major urban markets say there are more buyers than listings, particularly in the single - homes sector, which had let to bidding wars.

Buyers will have less flexibility to «shoot the moon» in a bidding war.

Cary Village President Don Huffer said Wednesday that Alan Hoffman, who is negotiating the sale of the land, is pitting potential buyers against each other in a bidding war.

Whether you're a seasoned veteran of the housing market or an ambitious first - time buyer, it's extremely easy for a seller to catch you off - guard in the heat of a bidding war or distract you from asking the important questions.

Amidst the debates and finger - pointing, potential buyers grapple with ever - increasing home prices and this has pushed some first - time homebuyers in Toronto and Vancouver to move away from the city core and into the suburbs, sparking «crazy» bidding wars.

What is more certain, McMullin said, is that the tax is unlikely to improve affordability for average Canadian buyers who are in bidding wars over the stagnant supply of homes in Vancouver.

Buyers will have less flexibility to «shoot the moon» in a bidding war.

Sometimes buyers get caught up in a bidding war and end up agreeing to borrow more money than they had intended.

And if you get involved in a bidding war for your dream home, it helps to be the kind of buyer that sellers consider reliable.

In a competitive neighborhood with a lot of interested buyers you may be forced into a bidding war where the list price is intentionally set low and buyers compete.

Preapproval puts you in the strongest possible position to win a bidding war against buyers who are paying cash or have also been preapproved.

The overall results showed optimism about Canada's housing market, as well as an increase in thirty - something buyers and a decrease in bidding wars.

Such a liquid market, in which buyers were comfortably in the driver's seat — with bidding wars the norm and house inspections regularly waived all in the name of FOMO (fear of missing out)-- meant there was very little possibility of anyone with any sense allowing their home to go into default.

With high housing demand and limited supply, bidding wars, unfortunately, are here to stay so here's some things buyers are doing to get their offers accepted in a hot sellers market:

Home buyers caught in a bidding war will soon get a lot more protection against the use of phantom bids — fake or false offers used to initiate a bidding war or to drive up the sale price of a home.

The sad truth is home buyers and sellers — in certain markets — have almost become accustomed to bidding wars.

According to the poll, approximately 15 % of first time home buyers found themselves in a bidding war.

In a bidding war there is usually no negotiation; buyers put forward their best and final offer.

In addition to the spring buying surge, buyers in Toronto and Vancouver should brace themselves for tougher mortgage requirements and a return to bidding warIn addition to the spring buying surge, buyers in Toronto and Vancouver should brace themselves for tougher mortgage requirements and a return to bidding warin Toronto and Vancouver should brace themselves for tougher mortgage requirements and a return to bidding wars.

In the saleroom it sparked a bidding war between several Chinese buyers and smashed its pre-sales estimate of # 800,000 to # 1.2 million.

People list low to get a bidding war, the list at the correct value in hopes that is what a buyer is looking for and they list high because they likely need the money or hope that by adding a premium price buyers» will think it's a premium product.

Less competition from other buyers means you likely won't end up in a multiple offer situation, or worse yet, a bidding war, which tends to drive up the house price.

If properties are getting multiple competitive offers — and potential buyers are having to come back with stronger second and third offers to have a chance — then you're in a market where bidding wars are the norm.

Most buyers who wanted to call West Loop home this year had to prove it in a bidding war.

In the cases pending closing, currently coming to the foreground, regarding bidding war prices, were the buyers (and the sellers) explained about «possible» repercussions, in the rush to acquire the highest contract pricIn the cases pending closing, currently coming to the foreground, regarding bidding war prices, were the buyers (and the sellers) explained about «possible» repercussions, in the rush to acquire the highest contract pricin the rush to acquire the highest contract price?

«Sellers who list their home during the prime spring and summer months benefit from a larger population of buyers and potential bidding wars, which often result in higher prices and faster closings,» according to realtor.com ®'s report.

As a result of bidding wars for condominiums, buyers are being asked to review a condominium status certificate in advance in order to submit an offer without conditions.

In a housing market characterized by a short supply of properties and by bidding wars, some buyers are hoping to get a competitive edge by writing sellers short notes about why they fell in love with a home and want to become its new ownerIn a housing market characterized by a short supply of properties and by bidding wars, some buyers are hoping to get a competitive edge by writing sellers short notes about why they fell in love with a home and want to become its new ownerin love with a home and want to become its new owners.

That way every buyer is treated the same in a bidding war.

Inventories are low and demand for homes is high in markets across the U.S. First - time home buyers are especially feeling the inventory crunch as they lose out in bidding wars or simply can't afford what's for sale in their area.

Buyers not knowing what they are bidding against in the bidding wars seems so unfair.

With home buyers finding themselves in bidding wars all over the country, how can you help make sure they aren't outbid every time?

Be the backup: If your buyer loses out in a bidding war, you can still communicate to the seller that the buyer is still interested in purchasing the house — even if another bid has been accepted.

In a bidding war, you must tell any buyer brokerage if someone is offering to reduce their commission so that the seller will net more money.

The shortages helped boost home prices, but gave home buyers limited choices and sparked bidding wars in many markets.

CNBC recently highlighted a few tips on how buyers can be successful in a bidding war, including:

The Realtor could reasonably foresee that the beneficiaries may, as a result of the Realtor's failure to allow the two buyers to compete against each other in a bidding war, be deprived of a portion of their intended legacy.

With a record low number of listings this spring, more buyers may be finding themselves in a bidding war for the home they want.

One brokerage reports that bidding wars are easing in many markets and that buyers may face less competition in their attempts to snag a home this winter.

Navigating these contract conditions can be confusing, and in today's hot real estate market in which some buyers are waiving contingencies in order to win bidding wars, it can be difficult to determine which are important.

In bidding wars, buyers can get caught up in the emotional process of the back - and - forth within negotiations, but there's a lot of risk to thaIn bidding wars, buyers can get caught up in the emotional process of the back - and - forth within negotiations, but there's a lot of risk to thain the emotional process of the back - and - forth within negotiations, but there's a lot of risk to that.

It's an unfortunate scenario all good agents strive to avoid; let's say a buyer you represent has just purchased a home at the top of their budget and participated in a bidding war to do so.

A major issue arising in bidding wars is when a buyer regrets their purchase decision almost immediately afterwards.

Why still so many agents / sales person are deliberately indulging in creating hype in real estate market as on one hand they advise sellers not to take decision on offers despite inviting them and on other hand push buyers to put more and more number of solid and better offers to create a bidding war.

With bidding wars easing in many markets, buyers may face less competition in their attempts to snag a home this winter.