Hi, wise Brownstoners — We’ve been looking for a new place since January, but haven’t found anything yet. When we do, though, I’m wondering what the bidding strategy should be? Last time we were buying, it was 2004, so quite a different market.
These days, is it standard to bid below an asking price (by a certain amount)? I know there are many other factors (how much you want it, how well it’s priced, how many other interested parties there are, etc.) — but just wondering what the best strategy is in 2011. (Back in 2004, we knew we’d have to offer at ask or above for places we really loved to be in the running.)
Thanks in advance!