Tip #1: Put your best offer in immediately.
In this hot Charleston Real Estate market, sellers are less inclined to negotiate their asking price because, well, they don’t have to. There will be other buyers out there that will be more than willing to put in a higher offer.
Tip #2. In a bidding war, choose between the following:
Cash
Conventional (20% , 15% , 10% , 5% , 3%)
FHA 3.5%
Majority of the time, a seller is going to look for the highest down payment, so the higher your down payment, the chance you will be outbid are less. Cash is king especially in this Charleston Real Estate Market! Sellers are more likely to favor buyers who pay in cash. If using a low down payment loan option...