Frustrated you'll never get a house in a competitive market? Have no fear!
We've been working with buyers and sellers in multiple-offer situations for the past few years. We have sorted through stacks of amazing offers and helped our seller clients choose the right offer, and we have used these same strategies to help our buyer clients win a bidding war. That experience has led me to curate this list of "How to Win Multiple-Offers?" Over the past few years, I have updated the information with the latest strategies that actually work to winning a bidding war. It's not just the price that the seller will consider, but also the overall terms and risk of the contract. Take a look at the infographic below where we've compiled the best ways to win multiple offers and beat out other buyers in a price bidding war.
Video: How to Win Multiple Offers on a House
Here are the top 10 ways to win multiple-offers on a home:
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Waive low appraisal with an additional down payment resource
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Use an Escalation Clause to automatically increase your bid.
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Do a Pre-Inspection/Waive your Inspection Contingency
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Submit a Non-Refundable Earnest Money Deposit
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Write a personalized letter to the seller
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Good Representation - Clean delivery of the offer
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Mortgage Broker Calls the listing agent
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Have your agent calls for inside details, "seller hot buttons"
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Move fast to tour the home in person.
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Have a 100% Pre-Approved and Underwritten loan approval.
Infographic: How to Win Multiple Offers on a House
