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Trying to buy a house? Tips to win real estate bidding war Share Updated: 3:41 PM PDT May 13, 2021 Todd Kazakiewich Share Updated: 3:41 PM PDT May 13, 2021
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Show Transcript KAZAKIEWICH IS LIVE IN READING WITH THIS. TODD: IT IS A BIDDING WAR. NATIONALLY, REAL ESTATE AGENT SUBMITTED FOUR OFFERS PER CLIENT, BEFORE ONE WAS ACCEPTED. THE GAME IS MORE COMPETITIVE IN THE COMMONWEALTH. WHAT WE FOUND, FIRST AND FOREMOST, CLEARLY IS IN THIS MARKET, CASH IS VERY MUCH KING. IF YOU ARE IN A POSITION TO WRITE AN ALL-CASH OFFER, THAT IS VERY OFTEN THE MOST SUCCESSFUL WAY TO THAT YOU GET THE HOME THAT YOU ARE LOOKING FOR. TODD ZILLOW RESEARCH IS UNVEILING THE RESULTS OF SURVEY OF NEARLY 400 PREMIER REAL ESTATE AGENTS ACROSS THE COUNTRY TO FIND THE TRENDS AND THE SUCCESSFUL STRATEGIES THAT ARE WINNING BIDDING WARS IN THI ESTATE MARKET. WHAT IF YOU, LIKE MOST BUYERS, CAN’T AFFORD TO PAY CASH FOR A HOME? THERE ARE WAYS TO GET DEALS
Provided by Dow Jones
By Nicole Friedman The residential real-estate market is on its biggest tear since 2006, just before the housing bubble burst and set off a global recession. Yet in nearly every meaningful way, today s market is the inverse of the previous boom. Anthony Lamacchia, a broker and owner of a real-estate company near Boston, entered the industry in 2004. Home buyers were trading up to bigger, more expensive houses after barely a year, he said. Many buyers paid small down payments, or none at all. When housing prices stopped rising, the market collapsed. By 2009, Mr. Lamacchia was working with clients desperate to dump the homes he had just helped them buy.
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