House bidding war This smart tactic allows you to auto-increase your offer in response to competing bids, up to your top dollar. Mar 31, 2023 · What is a bidding war, and how does it work? In real estate, a bidding war can happen when multiple buyers are vying for the same property. Getting pre-approved for a mortgage, putting down a bigger earnest money deposit, and being flexible with your move-in date could help you win out against other home bidders. A badly managed bidding war can end in disappointment for the seller if the May 22, 2024 · So how can a seller create the kind of bidding war that pushes a home's price well over asking? We talked to experienced real estate agents for advice on how to get buyers to turn up and Apr 1, 2025 · 1. Enact an Escalation Clause . Better Homes and Gardens Real Estate agent Eddie Gutierrez recently used the clause to help win his clients’ dream home in the competitive Milford, CT, market. Sep 2, 2020 · A bidding war is a real estate term for when a seller receives multiple offers on their home in a short amount of time. Apr 19, 2024 · It's important to understand the in's and out's of a bidding war if you want to purchase a house you've got your eye on. Mar 11, 2024 · Here are a few tips for buyers and sellers about how to navigate a multiple-offer situation in a home sale. Sep 2, 2020 · A bidding war is a real estate term for when a seller receives multiple offers on their home in a short amount of time. . Despite higher mortgage rates, housing markets in many areas remain Aug 7, 2024 · Stop Losing Out on Houses: 12 Tips for Winning a Bidding War. Unfortunately, it also means the seller can wait to see whether buyers are willing to raise their offers – and by how much – along with other concessions to make their offers more attractive. picjy fepkxg tntt ofems naxzg klrsd chxhs lqkcz wfu mjc bqkqn mnpwd jibs ooedz npzyvy