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In a seller’s market like ours, in many areas/price points here in St. Louis, multiple offers and bidding wars are common. As a homebuyer, being able to compete in these situations isn’t all about the highest possible price you can offer. You’ll have to pay a premium for the good homes, to be sure, but we’ve got some tips for you to help make your offer stand out in other ways so you have a better chance of an accepted contract.
One of the first things you can do is waive the appraisal rider. In this market, with inventory levels low in certain areas/price points, demand is high and many homes are selling for record prices. At the same time,…