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Reply to "How to make an offer for a $850K-$950K competitive"
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[quote=Anonymous]Just purchased a $930k house with multiple offers in a hot neighborhood. This is just based on our experience (keep in mind that we really, really, really wanted this house): 1. $50k 2. Yes - the seller knows because it's in your offer paperwork. We had 25% to put down, and our realtor thinks that was mildly helpful, but only if we're competing against someone who is offering an identical price. 3. We did a pre-inspection and that made our offer much more competitive. Of course, you risk losing the inspection fee if you don't get the house. We waived the appraisal contingency because we had a lot of money to put down (and it ended up appraising for more than what we paid). 4. This is our first home, so I don't know about this. 5. Yes, FHA is really silly at this price.[/quote]
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