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Tips for home buyer facing a bidding war

  • Get pre-approved first to get a clearer picture of your budget and how much you can go over asking. A pre-approval shows sellers you’re a high intent buyer and have all the financial paperwork already done
  • Get a real sense of the market. Do homes always go over asking in the neighbourhood, what do they actually sell for compared to their listing price? These are answers your agent can provide you with
  • Never sacrifice necessary terms and conditions such as waiving a home inspection before the move in date
  • Set a maximum dollar amount you’re willing to go over asking and stick to it. 
  • The highest offer doesn’t always win. The down payment amount and closing date can have a big impact. Being flexible where it counts, such as letting the sellers stay rent free for a month after closing, can win hearts
  • Ask questions to see what’s on the seller’s top list of priorities. Are they looking to close fast? Are they home flippers or are they emotionally tied to the home? It all matters
  • Many home sellers will stage their home with rented out furniture. Look beyond that and assess the home.

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Dealership’s “White Friday” Deal: Buy A New Vehicle Now, Get A Refund If It Snows 6 Inches On Christmas

(Firehouse Designs)

We’ve seen retailers make a big gamble for events like the Super Bowl (and lose millions in merchandise, in one case), but this might be the first time we’ve caught wind of a car dealership willing togive out free cars just to woo Black Friday shoppers.
In what one Chicago-area Buick dealership is calling a “White Friday” sale, customers who buy any brand new Buick or GMC vehicle on Nov. 28 and 29 will have the chance to get all that money back come Christmas, reports the Chicago Tribune.
The catch is, it has to snow six inches or more on Christmas Day, a measurement that must be recorded at the O’Hare International Airport weather station.
The chances of getting any amount of snowfall in Chicago on that day are between 40% to 50%, according to the Illinois Climatologist office, much less an entire six inches.
Even so, if the dealership is smart, it’s got some kind of insurance policy backing this deal up.
Dealership offers free cars if it snows on Christmas Day [Chicago…