Win The Bidding War

Win the Bidding War With Our 5 Minute Guide to Making an Offer the Seller Won't Refuse

Ask any experienced homeowner and you'll learn that buying in a 'hot' real estate market can be

challenging. A high supply of buyers competing for a low stock of available homes is a combination that

can lead to bidding wars, price inflation and other headaches. The good news: with some careful

preparation and the right mindset, a bidding war is one that you can win. Read on to learn how you can

beat out other bidders by making an irresistible offer.

Start With Strong Representation

Answer this question honestly: are you an experienced negotiator? Unless you have made a career out

of buying and selling homes, you may find that your skills are lacking. The middle of a bidding war is a

poor time to have this realization, so it's best to start the process with strong professional representation.

Invest the time in securing the services of an experienced real estate agent who has a history of

successful home purchases and happy clients. For extra assurance, ask them for recent testimonials so

you can hear how they helped other buyers.

Get Pre-Approved For Your Mortgage Financing

Now that you have a good real estate agent on your side, you'll want to move to the next step: meeting

with a mortgage lender. Your goal is to secure pre-approval for your mortgage financing, which will show

the seller that you're both prepared and serious about buying their home. Gather up recent financial

information like pay stubs, tax returns and bank statements before meeting with a mortgage professional.

Being prepared will make the approval process a bit easier.

Have The Appraisal And Inspection Team Ready

Once you have found your dream home, you will need to move quickly to have it appraised and

inspected. As with your other professionals, it's best to pre-book these companies ahead of time so

they're ready to go. Ask your friends and family for referrals now so you can chat with potential

appraisers and inspectors.

Be Serious About A Quick Closing Process

Finally, if it isn't already obvious to them, make it clear to the seller that you're interested in closing

quickly. Every home seller is interested in a fast, efficient close so they can move on. Pushing the pace a

bit will demonstrate that you're not going to reverse course.

When you are ready to buy your dream home, our professional real estate team is here to help. Contact

us today and we'll share how we have helped other locals buy some amazing properties. We look

forward to meeting you!