5 Tips to Win That Bidding War with Financing

5 Tips to Win a Bidding War for Your New home. housing inventory hit a nearly two-year high last month, with 2.28 million unsold homes on the market nationwide. That’s an encouraging sign during a historic dry spell. But macro trends are cold comfort for potential homebuyers on the ground.

5 Tips for Winning a House Bidding War. Susan Johnston.. Here’s a look at strategies for homebuyers competing in a bidding war. 1. Line up financing in advance.. 6 Tips for Boomers Leaving.

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6 Ways to Win a Bidding War in a Hot Housing Market Getting preapproved for a mortgage, limiting contingencies, being flexible on closing and writing the seller a "love letter" can tip the odds in.

In this guide, we’ll share the top 5 tips on how to win a bidding war when buying a home. 1. Offer a High Price. It goes without saying that the easiest way to win a bidding war is to simply offer the highest price. This list wouldn’t be complete without spelling out this option.

Here Are 15 Ways to Win Home Bidding Wars. Prepare to offer more than they are asking. Make your offer a couple thousand more above the asking price. If it’s a very competitive area the house is listed for instance at $500,000, offer something precise like $527,000 instead of $525,000. "It makes a difference," she says.

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How to Win a Bidding War. Have your deposit and financing in order. Again, the strength of your offer is made up of many factors.. Wealth of Knowledge is a weekly podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more.

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With a financing assist from billionaire investor. but am pleased that they didn’t get caught up in a bidding war with Oxy, who comes across as willing to fight to win at all costs,” Rowland said..