Bidding asking price to lock in???

[Johnny Kula]

All,

Tomorrow I'm going to see the house in the location, location, location i've been looking for.  They are asking "right on the money" market value.

Question is, if you think it's going to be a 1 day sold and possible bidding war, how would you lock in and then work the numbers once the appraiser/contractor gets in there?  The place looks turn-key, but i'm sure it's got some issues...most do.  I'm thinking about offering their price, or even a few grand higher to lock it in and then negotiate down if/when the appraiser/contractor get in there, etc...I used to be a contractor so i'll be able to see the issues most likely while i'm looking and feel out the owner as he'll be letting us in.

Please let me know your strategies as I'm going to most likely make an offer tomorrow evening on it if all goes well.

Thanks,

Johnny

[Wayne Brooks]

Agreed, agents know this game well.