I haven't put an offer down but want to. The numbers work. I don't want to over pay though. And am so what relieved there's another offer coming in (shows there's demand).
There's the seller's agent and I don't have a buyer's agent (yet).
Is there a way I can get an edge? I was thinking of using the listing agent as my buyer's agent. Is there a way I can figure out what the other offer is?
I just don't want to overpay and want a good deal. I can also use my good friend as the buyers agent (broker) and we split the commission.
@Steve Candor all you can do is to figure out the price that works into your buying criteria. If you really want the deal, add a little. If you are scared you might get the house, bid some less than what you think it's worth. Unless you have bought a boatload of properties from the listing agent and he will drop a couple hints. Not really ethical but it happens all the time.
Also realize that there will be many other deals.
"If you are the high bidder, you bid too high, if you don't get the bid, you bid too low". That is the game, finding the elusive right price.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Get the Ultimate Beginner's Guide
Sign up today to receive the popular eBook for free!