Multiple Offers On a Home? Who Would Have Thought?

With prices somewhat depressed and mortgage interest rates so low, it was inevitable that some well priced homes would be the recipient of multiple offers. That leaves the potential buyers with the possible 'problem' of having to bid-up to 'win' the property. That could simply mean offering more money or it could means offering better terms, such as all-cash. There hasn't been much head-to-head bidding on the Outer Cape, but it's bound to happen.

Read the article on SmartMoney.com, entitled "Home Buyers Face a New Challenge: Competition" that discusses competition and when to not play the competitive game.