I’ve seen many homebuyers pull offers on homes just because they don’t want to compete with other buyers. Here are some reasons why this can be such a huge mistake.
In the hot market we’re in, multiple offers are common. I’ve heard people say that they don’t want to get into a bidding war or they’ll retract their offer after finding out other buyers are involved. Don’t make this home buying mistake.
As long as you have some semblance of self control, there’s no downside to getting involved in a multiple-offer situation. I’ve seen people in the past who have pulled their offer on the home, only to realize later they would have gotten the home with that same offer if they would have just remained patient.
“If you like a house, make your offer.”
If you like a house, make your offer. Don’t pay more than what the house is worth, but don’t give up either. If you don’t get the home, you don’t get it. But as Wayne Gretzky said, “You always miss 100% of the shots you don’t take.”
If you have any questions or you are thinking about buying a home anytime in the near future, don’t hesitate to give me a call or send me an email today. I look forward to hearing from you.