Avoid a bidding war at all costs
By IOL Reporter | Published Jun 22, 2021
Q: We are buying our first home but seem to be losing out to other buyers in what is becoming a bidding war. We are offering close to the asking prices but are still not having our offers accepted. How do we ensure that, when we next make an offer, we come out on top?A:Low interest rates and a growing shortage of properties for sale in the sub-R1 million price category have led to a huge surge in first-time home buying over the past year.