Has anyone ever been a Listing Agent during a bidding war ?
What am I doing wrong? Has anyone ever been a listing agent during a bidding war. As an investor I have put in a few offers towards foreclosure properties I wanted to flip. My last offer included an escalating clause that I thought would beat out my competition but I still lost the bid. What am I missing? In your experiences, who usually wins these bids and what are they doing to come out on top?
Thanks in advance,
Vernell :-)
Most Popular Reply
Matthew Paul
#2 Contractors Contributor
#2 Contractors Contributor
- Severna Park, MD
Its simple , come in at your highest and best from the start . If you lose , move on to the next . you cant lose money when you dont get a property , only when you pay too much for one