North Shore Views
In today’s competitive real estate market, homebuyers are willing to bid above asking price in order to acquire the home of their dreams. But what is driving home buyers into a bidding war? The number one factor is a lack of inventory. Today’s buyers are aware of the inventory shortage and are more willing to “pay to win” in order to close on their ideal home.
Some homebuyers are even willing to pay the seller’s closing costs, just to sweeten their offer. Our best advice to a buyer in a multiple offer situation would be to go in with your highest or near highest offer. Download our Guide to Buying a Home of the North Shore here.
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