Winning a Bidding War
How do you win a bidding war on a house?
One of the most stressful situations in home buying occurs when other buyers are competing for the home you want. Here are 10 quick tips I put together for how to make a multiple offer situation as comfortable and successful as possible for my buyers:
10 Quick Tips for Winning a Bidding War
1.Pick a real estate agent who is well organized and an exceptional communicator.
2. Have your pre-approval letter or proof of funds in hand.⠀
3. Offer more than the asking price. ⠀
4. Keep your offer as clean and simple as possible. ⠀
5. Shorten the inspection period. ⠀
6. Have your escrow deposit ready. ⠀
7. Offer flexibility with your closing date.
8. Offer an additional escrow deposit after the inspection period. ⠀
9. Include an appraisal clause and seller incentives.⠀
10. Be diplomatic with negotiations after your contract is signed. We want to make the transaction easy for all parties involved.
More Information
Each scenario can be different so a seasoned Realtor is key to success. Need some real estate help, let us know!
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