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2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

They should be well known, respected among agents in the area, and highly specialized in mortgage lending. Lenders lend based on the appraised value or purchase price (whichever is lower), so if you offer based on the higher list price, you’re responsible for covering the difference. Real estate is a long game.

Buyers 70
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2022 Bidding Wars – How to Strike and Win

Lamacchia Realty

They should be well known, respected among agents in the area, and highly specialized in mortgage lending. Lenders lend based on the appraised value, so if you offer based on the higher list price, you’re responsible for covering the difference.

Sellers 72
article thumbnail

2023 Bidding Wars – How to Strike and Win

Lamacchia Realty

They should be well known, respected among agents in the area, and highly specialized in mortgage lending. Lenders lend based on the appraised value or purchase price (whichever is lower), so if you offer based on the higher list price, you’re responsible for covering the difference. Real estate is a long game.

Buyers 41