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16 Tips to Win a Bidding War on a House

The Close

I contacted the listing agent only to learn that all offers were due by 5:00 p.m. Offer Above Asking Price When your buyers are competing with others in a multiple-offer situation, and the listing agent is asking for the “highest and best” offer, it’s a good idea to suggest offering more than the asking price.

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How to Compete With Cash Offers: 10 Ways to Write Winning Offers

The Close

Luckily, beating a cash offer on a house is not as hard as many agents think. Many listing agents today will not review the offers for three to four days after the property becomes active. Some buyer’s agents believe the best strategy is to wait until the last minute before submitting an offer. Offer a Signing Bonus.

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Tips to Help Buyers Successfully Navigate a Hot Real Estate Market

Realty Biz

There may be rare local circumstances where this will work but it should only be based on the advice of a trusted real estate agent. Before you write up your offer, have your agent contact the selling agent to learn if there are other offers on the house. Require a minimal home inspection.

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What’s the Deal with Making a Cash Offer on a House?

HomeLight

From a seller’s point of view, if there are two offers that are otherwise identical, and one buyer can pay cash, the cash offer is likely to be viewed as the stronger offer because the buyer 1) definitely has the money, which means that they can 2) close quickly. A cash buyer is more likely to waive appraisal and inspections.

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Get Your Own Slice of the Big Apple: Buying a House in Manhattan

HomeLight

Condos cost 30% more on average than co-ops,” says Dylan Hoffman , a local agent with over 19 years of experience, who’s sold 37% more properties than the average New York agent. Closing costs can range from 2.5% Inspections & attorneys. A top agent will help you remain competitive even in a cash market.

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Opendoor vs Offerpad: How Do These Homebuying Companies Match Up?

HomeLight

Others perform a home inspection while their competitor skips one. Special perks of working with Offerpad include three extra days to stay in your house after close and they’ll pay for a local move. Like Opendoor, they typically perform a home inspection before finalizing their offer. Not all cash, or iBuyers , are the same.

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How to Win a Bidding War: Write Offers the Seller and Listing Agent Will Love

HomeLight

You need to write offers that tell the listing agent your offer has the best terms, lowest risk, and is most likely to cross the proverbial finish line. You can find the group here: HomeLight Agent Community – The Walkthrough. HomeLight’s Agent Resource Center. The best price doesn’t always win a bidding war.

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