Remove 2022 Remove Appraisal Remove Bracketing Remove Inspection
article thumbnail

2022 Bidding Wars – How to Strike and Win

Lamacchia Realty

Now in 2022, it’s predicted that inventory will continue to stay low and competition will remain immensely high. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. This is different than the appraised value which, these days as prices rise, can be lower than list price.

Sellers 72
article thumbnail

2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

Consider writing into the offer that you’ll purchase the property regardless of the appraised value. This is different from the appraised value which, as prices rise, can be lower than the list price. List prices typically reflect the comps (comparative properties) of homes sold in the neighborhood in the past six months.

Buyers 70
article thumbnail

2023 Bidding Wars – How to Strike and Win

Lamacchia Realty

2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. Real estate is a long game.

Buyers 41