Over half of potential buyers will end up in a bidding war to land their future home. To help secure a house, Redfin pinpointed four features of winning offers that help them stand out.
Bidding wars are way down among Redfin homebuyers Only 16% of Redfin homebuyers faced a bidding war during the first weeks of March, down from 61% a year ago by Jim Dalrymple II Staff Writer
/ 9 Strategies to Win a Bidding War when Buying a Home You may have found the home of your dreams, but be prepared to fight to make it your own. Bidding wars aren’t as common as they once were, but there’s still a chance you could find yourself facing competitive bids from other home shoppers.
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Here are 9 strategies that can help you win a bidding war: Tip 1. If you can afford it, pay cash. "It’s clich, but cash is king," says Trenton Hogg, a real estate agent in the Denver area. In that region, three-quarters of home sales wind up in bidding wars. Sellers typically prefer dealing with a buyer who can pay cash, and they don’t have.
San Francisco, San Diego and Las Vegas were the most competitive housing markets in August, but local buyers were far less likely to face a bidding. redfin agent Michelle Santos. "Now, for.
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Such battles had slowed dramatically this past spring, thanks to more listings and more cash-strapped buyers unwilling to pay top dollar. Nationally, just 12% of offers written by Redfin, a real estate brokerage, faced a bidding war in June, down from 52% a year earlier.
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Redfin: Bidding Wars Drop to Eight-Year Low, but Many Buyers Still Face Competition Despite a cooling market, bidding wars remain the norm in California, Boston, and D.C.
Redfin Agents Report Some Buyers Offer on Multiple Homes at Once to Increase Odds of Winning a Bidding War – While this strategy can be tempting for buyers who are frustrated from having lost out in a bidding war, Redfin agents advise against it in most cases. "I recommend that clients in this situation take.