Keep your senses!
Thinking of buying a home? In this market, buyers are trying to make their offers more appealing. One tactic is to present an offer above the list price. Not a bad move, as many sellers find more money appealing. But, cost can be more than dollars. Some buyers are “over paying” by mistakenly waiving protective contingencies just to get an offer accepted. Foregoing inspections, financing contingencies, and other protections could come back to bite you. What happens if the home has a major problem or financing is declined? And sellers, a hot market doesn’t justify telling a buyer to “take it or leave it” so you can have it your way right away. Some say “all’s fair in love and war,” but life works better if we all work together for the win-win. Keep your senses in this competitive market.