TIP#22 STAY OUT OF BIDDING WARSSometimes, the seller's Realtor will try to scare a hesitant buyer with the threat of another serious buyer. Don't fall for this trap, it will only cost you money. If there is another buyer, then the seller's agent will try to get a bidding war going. In these situations, whoever wins also loses because the buyer ends up overpaying.
If there isn't another buyer, there is a good chance that "the other deal" will fall through and the seller's agent will come calling. Be sure to let the other side know that you
might be interested if that happens before you walk away.
Bryan VogtStrano & Associates, Realtors® - GMAC Real Estate
(618) 355-5824
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# posted by
Bryan Vogt @ 10:35 AM