In order to buy a house, you need to make a bid on one. While there are no set rules on how you figure out a price when you’re bidding on a home, here are some guidelines that will help you along the way.
Your real estate agent is one of the most important assets in the bidding process. Even if you have purchased a home in the past, your realtor has been in this situation many times and has a better understanding of how it works.
Do your homework
Get your finances in order before you start. Know how much you can spend. Don’t even look at homes outside of your price range. Dreaming is great, but be realistic while home shopping.
A mathematical equation that will tell you how to bid on a home does not exist. Using comps to see the value of other similar properties can be a big help...
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