How to Win a Bidding War

How to win a bidding war in a seller’s market. It can be frustrating and sometimes you need to lose a few to really understand what you need to do to make your dream of home ownership a reality!

  • Keep it simple
  • Offer strong – so you have no regrets when you find out the winning number
  • Get pre-approved – so the seller has confidence in your offer
  • Increase your deposit – your deposit can be considered as “skin in the game”, so it should be an amount that you wouldn’t walk away from.
  • Let the seller pick the closing date
  • Keep the inspection requests strictly to structural or hazardous conditions
  • Soften the appraisal contingency

These are ideas to help your offer stand out; you need to make sure you are solidly qualified and you need to feel comfortable with your offer – don’t stretch unless you are really committed to the purchase.

We are happy to help you find the right property to bid on! Click here to start your search. We know how to win in a bidding war!

Contact the Blanchard Team for all of your real estate needs!

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Jennifer Blanchard is a Top Producing real estate agent in Basking Ridge with over 18 years of experience. She would love the opportunity to discuss any real estate questions you have.

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