Just when we thought the real estate market was leveling out and we might be getting back to something that feels like a "normal" market, the bidding wars are back.
There are so many investors and non-investors trying to buy a home, many listings are getting multiple offers the first day on the market. This allows the seller to ask if you want to raise your bid or take the chance of loosing out.
I've seen this happen everywhere from the Urban properties to the suburbs. It can be great for the seller but many buyers are getting frustrated.
I suggest you take your time and don't get emotional. That's when you can tend to over pay for a property. Just relax and consider what the property is worth to you and let the chips fall where they may.
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