Multiple Offers are great for a seller. If you think about it, it's great for the buyer. They offer a little more, and get their dream home. In life when you are buying a home, it's so many emotions. I mean it's suppose to be. Whether you are dropping cash on a place, taking a THIRTY YEAR (30 with a 3, 0.) or a 15 year. It's your hard earned money that will be put into a house that will most likely in 5 years require some sort of updating. BUT settling for a house isn't anyones goal. I had a Mortgage Broker tell me once that every $10,000 you go up, your payment increases $50 per month. Now I am not sure the math, but even in that is correct, submitting a little stretch may mean you have a fewer less Starbucks per month. (I know I could use less, depending on who you talk to. LOL) -
I guess some food for thoughts. Sometimes $50 isn't that bad in your budget. BUT always play is safer as the stress of Uncle Murphy's Law coming to visit will never been a fun season of life!
I'm an Internationally Published Photographer from Los Angeles and now in Portland Maine. I own Caffeine Creative, a Creative Agency. I work with clients from the West Coast to East Coast. I've been doing Photography several years now, but have a long history in Design/Film/Television and Radio. I'm pretty passionate about espresso and making latte art. Follow me on Instagram (SurJones) to see a peak instead a my daily hustle!