Smart Moves for Seniors

An Open Resource and Meetingplace for Seniors Thinking About Moving On With Their Lives and provided by Lois Patton, Licensed Real Estate Salesperson and Certified Buyer Representative with Albany Realty Group, Albany, New York. Also visit us at or call 518-459-4564.

Friday, July 21, 2006

I was once in a bidding war with another buyer for a house I really wanted. I had the sense that the other buyer wanted the house as much as I did, so when we both turned in sealed bids I made mine an odd number (actually, ending in "6s" above what I thought the other buyer would bid. As I recall, my bid was $176,666 (I believed the other buyer's bid was $175,000) and I got the house. My agent at the time asked how "in the world" I came up with that bid. If you really want a house, and you have to bid against other buyers for it, it sometimes makes all the difference to turn in a bid that is not in round numbers or obvious price breaks. Keep that in mind when you put in your next bid.

An agent can give you other suggestions which you may want to include as part of your bid. Ask a realtor. We're here for you. Send us a note and we'll get back to you asap.

Have a great day!


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