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With housing prices continuing to increase due to a low housing inventory, the market is proving to be competitive as buyers attempt to secure their dream home. According to Don Frommeyer, CRMS, President of NAMB (The National Association of Mortgage Professionals), there are several techniques potential buyers can utilize to make sure their offer sticks in the midst of a bidding war.
"Many people think the real estate market is easy for buyers, but in reality, it's still quite vigorous and with fewer houses on the market, buyers must set themselves apart with competitive bids," says Frommeyer.
Below are the techniques Frommeyer suggests considering to maintain a competitive bid:
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Michele Muldoon is an agent in our Wantagh Office. She graduated from Long Island University with a Bachelor's degree in Public Administration. Her work experience after graduation included Morgan Stanley where she worked in Commodities. She later worked extensively in credit and collections on Long Island. Thirteen years ago, she entered the Real Estate Industry, found her niche, and never looked back. She loves helping homeowners and buyers with all of their Real Estate needs. Her customer service...
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