Here are several tips that will help you win a bidding war.
Are you thinking of buying a home in our market? Then you need to be prepared to enter into a multiple-offer scenario because they’re quite common right now. I have several tips to share today that will help you win the home you want if you find yourself in a bidding war for it. These tips will strengthen your offer by making life much easier for the seller.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure:
0:38—Make a strong earnest money deposit
1:13—Have your agent ask the listing agent what closing date works best for the seller
1:56—Don’t ask the seller to pay your closing costs
3:41—Don’t ask for a home warranty
4:13—Don’t ask the seller to leave personal property
5:10—Pick an offer price you’re comfortable with
7:04—Keep your due diligence period as short as possible
8:35—Add an escalation clause to your offer
9:13—Wrapping things up
As always, if you have questions about this or any real estate topic or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.