Published April 20, 2021
How to Submit a Winning Offer: Part 2
Here are my final 10 tips to help buyers win in a bidding war.
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We’re back for part two of our series on how to win as a buyer in a bidding war. We’ll continue going through our list of 20 tips, starting with No. 10.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message, or use these timestamps to skip to topics that interest you most:
0:20- No. 10: Consider a high cash offer
1:05- No. 11: Your current home should already be listed before you buy a new one
2:20- No. 12: Work with an experienced agent
3:25- No. 13: You need a very responsive agent
4:45- No. 14: Ask how many offers have been received and how long they are holding them
5:40- No. 15: Ask if they’re doing “highest and best” offers or multiple counteroffers
7:00- No. 16: Don’t play games
7:04- No. 17: Ask how many offers are in
7:15- No. 18: Ask yourself whether a short-term inconvenience is worth a long-term financial gain
7:38- No. 19: Explain to the seller what you’ll allow them to do
8:02- No. 20: Offer to pay the seller’s closing costs
If you have any questions for us about these tips, buying a home, or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
