Buying Advice

How to Win a Bidding War on a House | Oahu, Hawaii

Winning a Bidding War

How do you win a bidding war on a house?

contemporary living room with gray couch

One of the most stressful situations in home buying occurs when other buyers are competing for the home you want. Here are 10 quick tips I put together for how to make a multiple offer situation as comfortable and successful as possible for my buyers:

10 Quick Tips for Winning a Bidding War

1.Pick a real estate agent who is well organized and an exceptional communicator.

2. Have your pre-approval letter or proof of funds in hand.⠀

3. Offer more than the asking price. ⠀

clean modern kitchen and dining area

4. Keep your offer as clean and simple as possible. ⠀

5. Shorten the inspection period. ⠀

6. Have your escrow deposit ready. ⠀

cute small condo kitchen

7. Offer flexibility with your closing date.

8. Offer an additional escrow deposit after the inspection period. ⠀

9. Include an appraisal clause and seller incentives.⠀

10. Be diplomatic with negotiations after your contract is signed. We want to make the transaction easy for all parties involved.

More Information

Each scenario can be different so a seasoned Realtor is key to success. Need some real estate help, let us know!

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