Comments on: Avoid Housing Bidding Wars

By: John

John — Thu, 06 Oct 2005 03:48:43 +0000

If you don’t play the game you don’t get the prize. Ask anyone today about any dealings 10, 20 or 30 years ago, whether they feel better about bidding low and not winning the bid. History shows the person who got the property can sell their property for multiples of what they paid for it. Housing has alway been the consistent winner out of all investments. You can’t say that about stocks since a stock can easily go down to zero. Even if the property falls in a down market, it goes up again. People who look like losers will smell like a rose when the next upturn occurs. Pick any peak in the past and it will look cheap in today’s market, and this is in every location in the USA.

By: Empty Spaces

Empty Spaces — Wed, 05 Oct 2005 06:25:15 +0000

Thats absolutely correct. Also, if someone offers you full price, you can always counter back. its worked for me!!!

By: pfadvice

pfadvice — Wed, 05 Oct 2005 01:29:22 +0000

So true. As an ebay seller, I love bidding wars (it increased my net worth;), but they are anything but financially sound when you’re a participant. Set your price and be patient. In most cases yuo will eventually get what you want at the price you had alloted.