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Bidding wars infrequent in most Mississippi markets: even so, agents suggest buyers get pre-approval for financing before house hunting. (Focus Real Estate).

Publication: Mississippi Business Journal
Publication Date: 31-MAR-03
Format: Online - approximately 772 words
Delivery: Immediate Online Access

Article Excerpt
Whereas bidding wars might occur in markets with tight inventories of "dream homes" and time-strapped buyers might at times be willing to pay more than the listing price to land a property that needs little work, in Mississippi such bidding wars are rare.

However, that doesn't necessarily mean that bidding wars don't exist. Danette Shaw, a Realtor and owner/broker of Danette Shaw & Company Real Estate Inc. in Gulfport, told of one instance in Gulfport where four offers had been made on the same house.

"That doesn't happen all the time," Shaw admitted. "But if it's a great house in a great neighborhood and priced right it's going to sell."

Charlotte Sadler, a Realtor...

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