How To Win a Bidding War: 9 Tips To Close The Deal
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If two or more potential buyers want a property badly enough, they may find themselves locked in a bidding war.
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How To Win a Bidding War
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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.
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Drop Contingencies
Waiving the contingency shows your willingness to move forward with the deal, but it also comes with risk.
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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.
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With a few simple tactics, you can tip the odds in your favor.
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