In our current market we have record low inventory of homes for sale in west Los Angeles and Santa Monica, here top producing real estate agent Andrew Robarge with COMPASS who has been on both sides gives you the key to understanding how to bid to win in 2022 to successfully nab the home of your dreams.

There are various tips that agents provide that may do more harm than good, such as waiving inspection contingencies, and writing love letters, which courts have found to be discriminatory.

I have never heard of a seller taking an offer that was significantly less money.

Does that make sense? Do you hear me? Never.

The truth is the buyers need to get out of their comfort zone and bid to win not to place a bid that feels comfortable using 6 month old comps.

In Santa Monica, for example, properties are expected to appreciate about 20% this year. So if a buyer is using a comparably sold property from just 6 months ago, that property has already appreciated by at least 10 percent. This market is a freight train and frankly I don’t see where any inventory is going to come from.

As soon as the FED raises rates the stock market collapses and they have to lower the rates back down to keep the economy moving, so one argument is that the GFED will raise the rates enough and the market will slow down, but its like threading a needle and so far the Rates have been trending ever lower over the long term.