One of the worst things that can happen during the home buying processin Lethbridge is to finally find your dream home, only to discover that someone else is already bidding on it. When this happens, how can you win your dream house in Lethbridge without losing your shirt in the process? In this article, weíll cover some of the more important points to winning a multiple offer property in the Lethbridge real estate market.

Tip #1 - Know Your Limit

It's tempting to increase your bid based on emotions during a bid war. Buyers are often willing to pay more out of competitiveness, feeling that something they want is being taken away, or just plain rationalization.

This trap can cost you thousands of dollars. Instead, do your comparative analysis of the properties nearby, choose the highest number you're willing to pay for this property and stick to it. This may also cause you to lose your dream home in Lethbridge if you do not have the financing avaiable to you to go to a higher price. This is way as a Lethbridge real estate agent I always reccommend that my buyers go to a mortgage professional to get prequailfied for a mortgage so they will know how much they are able to spend.

Tip #2 - Have a Lethbridge Real Estate Agent That is Looking Out for You

Remember that Lethbridge real estate agents are paid based on the selling price. There are agents that will look out for you and have your best interest in mind, while other agents would rather increase their commissions by convincing you to place a higher bid.

It's important to have a Lethbridge real estate agent you can really trust during the process. Be sure to do some reasearch in to any Lethbridge real estate agent that you might be considering working with. Ask Family and friends if the have a Lethbridge real estate agent that has worked out for them and that they would reccommend. Another way to test a Lethbridge real estate agent is to ask them for client testimonials, and see if you can touchbase with those clients and ask them about the Lethbridge real estate agent in person.

Tip #3 - Make an Impression on the Seller

Be more than just Buyer #2. Meet the seller and make sure they know what you love about the house. They usually love their house as well and want to sell to someone who'll love it just as much.

Have the seller know who you are. Even if your bid is slightly lower, a seller may sell you the property just because they like you.

Tip #4 - Remove Conditions

The less conditions you have on your contract, the better. Call up your loan officer and make sure you can get approved for the loan and remove the financing clause. The cleaner your contract, the more appealing it will be for the seller.

These four tips will help you bid on a property in Lethbridge without losing your shirt. Keep them in mind if you find yourself in a multiple offer situation.

There is a lot of free information available to you about buying, selling or investing in Lethbridge Alberta Canada real estate. For complete information about the Lethbridge Alberta Canada real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Lethbridge Alberta Canada real estate at Lethbridge Alberta Canada. So please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 1.403.795.7777 or email me at info@courtneyatkinson.ca.

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 Tags: 3. Lethbridge real estate, Lethbridge houses for sale, home for sale in Lethbridge, Lethbridge, Courtney Atkinson

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Courtney Atkinson
Atkinson & Associates
Lethbridge, AB

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