How To Win a Bidding War: 9 Tips To Close The Deal

If two or more potential buyers want a property badly enough, they may find themselves locked in a bidding war.

How To Win a Bidding War

Line Up Your Financing

One of the best things you can do to be prepared for a potential bidding war is to line up your finances ahead of time.

Drop Contingencies

Waiving the contingency shows your willingness to move forward with the deal, but it also comes with risk.

Escalation Clause

The clause asserts that if another buyer makes a competing offer, your bid will automatically increase by a certain amount, up to a predetermined limit, to exceed the new offer.

With a few simple tactics, you can tip the odds in your favor.

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