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Updated about 2 years ago on . Most recent reply

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Carlos Ptriawan#2 Market Trends & Data Contributor
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How to play bidding war ?

Carlos Ptriawan#2 Market Trends & Data Contributor
Posted

Hi Folks, we already listed our home and had 2-weekend open house and we got multiple bid already, so we got multiple bids on DOM 4. Aftre that we decide to set up a due date, but the offer is very strong , and slightly above asking. Price is very close to a mil. This is a very niche condo within walking distance to the top ten CA High schools with the fully rehabbed condition. This is also one of the most popular homes in Redfin for this week. Do you guys think it's safe to reject the initial offer and use the due date to gather more bids or we just accept the pre-emptive bid that's coming? How to play it out ?

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