Tips To Win A Bidding War


 

  • Speak with a lender beforehand: Many homebuyers speak with a lender while they begin their home search. Instead of doing these things simultaneously, it’s best to meet with a lender, choose a loan, and obtain a pre-approval letter before looking at homes so that when you find your dream home, you are prepared to put in an offer.
  • Make a quick, personalized offer: If you know you love a home, making an offer as quickly as possible may help you get ahead of the game. Also, make the offer personalized-for example, if your agent finds out that the sellers are motivated to move quickly or that they may want to postpone the closing, state that you can settle on the seller’s schedule.
  • Have your home inspector on speed dial: While it’s vital to have a home inspected, adding a home inspection contingency to an offer may put you behind other offers that do not include this. If possible, have your home inspector come out and look over a home as soon as you know you love it, and if you are satisfied with the report, you won’t need a home inspection contingency included with the offer, which may put you ahead of other potential buyers.

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