{"id":10655,"date":"2018-04-30T15:32:54","date_gmt":"2018-04-30T21:32:54","guid":{"rendered":"https:\/\/www.richmondamerican.com\/blog\/?p=10655"},"modified":"2024-01-04T15:56:16","modified_gmt":"2024-01-04T22:56:16","slug":"how-to-avoid-bidding-wars","status":"publish","type":"post","link":"https:\/\/www.richmondamerican.com\/blog\/how-to-avoid-bidding-wars\/","title":{"rendered":"Getting Ahead of the Bidding War Game"},"content":{"rendered":"<p>Picture this. A home goes up for sale in a sought-after neighborhood. Maybe it&#8217;s located in a well-rated school district or offers an ideal commute to work. You see that the home is in your range and try to beat the competition with a fast offer above asking price (this isn\u2019t the first home you\u2019ve bid on). But an investor has already offered more\u2014and they\u2019re willing to pay all cash. The seller, understandably, takes the higher and more expedient offer, and your house hunt continues. Better luck next time.<\/p>\n<p>Maybe you\u2019ve been there. If you have, you\u2019re probably well aware that buyers can go through multiple such bidding wars before eventually contracting on a home.<\/p>\n<h3><strong>Fortunately, there\u2019s a solution\u2026<\/strong><\/h3>\n<p>So how do you ensure you don\u2019t get outbid by deeper pockets and investors? Simple: <em>buy new. <\/em>New homesites are sold on a first-come, first-served basis. If you\u2019re financially qualified and the first one through the door, the home is yours! Plus, you won\u2019t have to worry about watching the price of the home get pushed out of reach by several offers.<\/p>\n<h3><strong>Other reasons to buy new\u2026<\/strong><\/h3>\n<p>Many new home communities offer a variety of floor plan options, making it easier to find something that meets your wish list. Not only that, if the builder has a <a href=\"https:\/\/www.richmondamerican.com\/design-a-home\" target=\"_blank\" rel=\"noopener\">design center<\/a>, building from the ground up gives you the luxury of personalizing with selections on everything from the flooring to the cabinets and doorknobs. And don\u2019t forget that new homes may offer the major benefit of <a href=\"https:\/\/www.richmondamerican.com\/blog\/new-home-vs-resale-home-maintenance-edition\/\" target=\"_blank\" rel=\"noopener\">less home maintenance<\/a>!<\/p>\n<p><strong>So, ready to explore new homes in your area? <\/strong>Head to <a href=\"https:\/\/www.richmondamerican.com\" target=\"_blank\" rel=\"noopener\">RichmondAmerican.com<\/a> to see what we offer near you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Picture this. A home goes up for sale in a sought-after neighborhood. Maybe it&#8217;s located in a well-rated school district or offers an ideal commute to work. You see that the home is in your range and try to beat the competition with a fast offer above asking price (this isn\u2019t the first home you\u2019ve [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":10658,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"ub_ctt_via":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[2],"tags":[157,260],"featured_image_src":"https:\/\/www.richmondamerican.com\/blog\/wp-content\/uploads\/2018\/04\/430_BlogImage-1.jpg","author_info":{"display_name":"Brian Metzger","author_link":"https:\/\/www.richmondamerican.com\/blog\/author\/bmetzger2\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Getting Ahead of the Bidding War Game - Richmond American Homes Blog<\/title>\r\n<meta name=\"description\" content=\"Find out about bidding wars and how to avoid them on your house hunt!\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.richmondamerican.com\/blog\/how-to-avoid-bidding-wars\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Getting Ahead of the Bidding War Game - 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