{"id":674,"date":"2023-05-28T18:53:09","date_gmt":"2023-05-28T18:53:09","guid":{"rendered":"http:\/\/movingaheadcommunications.com\/blog\/?p=674"},"modified":"2023-05-08T16:22:03","modified_gmt":"2023-05-08T16:22:03","slug":"tips-on-how-to-win-in-bidding-wars","status":"publish","type":"post","link":"https:\/\/movingaheadcommunications.com\/blog\/tips-on-how-to-win-in-bidding-wars\/","title":{"rendered":"Tips on How to Win in Bidding Wars"},"content":{"rendered":"<div id=\"attachment_679\" style=\"width: 310px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/movingaheadcommunications.com\/blog\/wp-content\/uploads\/2016\/07\/bidding_wars.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-679\" class=\"size-medium wp-image-679\" src=\"http:\/\/movingaheadcommunications.com\/blog\/wp-content\/uploads\/2016\/07\/bidding_wars-300x196.jpg\" alt=\"bidding wars\" width=\"300\" height=\"196\" srcset=\"https:\/\/movingaheadcommunications.com\/blog\/wp-content\/uploads\/2016\/07\/bidding_wars-300x196.jpg 300w, https:\/\/movingaheadcommunications.com\/blog\/wp-content\/uploads\/2016\/07\/bidding_wars-768x503.jpg 768w, https:\/\/movingaheadcommunications.com\/blog\/wp-content\/uploads\/2016\/07\/bidding_wars-1024x671.jpg 1024w, https:\/\/movingaheadcommunications.com\/blog\/wp-content\/uploads\/2016\/07\/bidding_wars-458x300.jpg 458w, https:\/\/movingaheadcommunications.com\/blog\/wp-content\/uploads\/2016\/07\/bidding_wars.jpg 1110w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-679\" class=\"wp-caption-text\">Tips on how to win at bidding wars!<\/p><\/div>\n<p>Psst! Trying to outbid others today? Here are tips and links to more.<\/p>\n<p>&#8220;The New York Times recently offered some of the following tips from housing experts:<\/p>\n<ul>\n<li><strong>Get preapproved for a mortgage. <\/strong>A preapproval letter from a lender \u2013 note, not prequalified \u2013 can show that a buyer is a strong candidate in obtaining financing.<\/li>\n<li><strong>Have a strong start. <\/strong>What can you most afford? Bid accordingly. That said, \u201cdon\u2019t go to a point where you think it\u2019s going to be too much to handle,\u201d says Caroline Baccellieri of McClellan Sotheby\u2019s International Realty in Pelham, N.Y. Also, if buyers offer more than the asking price, make them aware that their mortgage lender may still appraise the home at a lower value. This could then leave them having to pay the difference.<\/li>\n<li><strong>Waive the mortgage contingency, but &#8230; <\/strong>Sellers tend to prefer offers that are not contingent on the buyers\u2019 ability to obtain financing. So in hot markets, an offer contingent on the mortgage could be viewed as a detriment. Yet, without this contingency, buyers can run a risk of losing their deposit if their financing &nbsp;ends up falling through. They\u2019ll want to weigh this one carefully and consult a lawyer.<\/li>\n<li><strong>Don\u2019t just bank on the letter.<\/strong> A heartfelt letter attached to your offer has gotten some buzz lately as a winning strategy. While a nice touch, \u201cdon\u2019t expect them to distract the seller from the bottom line.\u201d<\/li>\n<li><strong>Cash.<\/strong> And one of the best ways to win a bidding war: Offer cash. Sellers like all-cash offers because it provides more certainty the deal will go through and without delay. If an all-cash offer isn\u2019t practical, have your buyer find other ways to provide the seller certainty that the settlement will go through.&#8221;<\/li>\n<\/ul>\n<p>Click the link below to read the rest of this article.<\/p>\n<p>From:<\/p>\n<h1>Help Your Buyers Win a Bidding War<\/h1>\n<div id=\"resize\">\n<div class=\"section-date-author\">DAILY REAL ESTATE NEWS | FRIDAY, JUNE 24, 2016<\/div>\n<\/div>\n<p><a href=\"http:\/\/realtormag.realtor.org\/daily-news\/2016\/06\/24\/help-your-buyers-win-bidding-war\">http:\/\/realtormag.realtor.org\/daily-news\/2016\/06\/24\/help-your-buyers-win-bidding-war<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Psst! Trying to outbid others today? Here are tips and links to more. &#8220;The New York Times recently offered some of the following tips from housing experts: Get preapproved for a mortgage. A preapproval letter from a lender \u2013 note, &hellip; <a href=\"https:\/\/movingaheadcommunications.com\/blog\/tips-on-how-to-win-in-bidding-wars\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[179,178,176,177],"class_list":["post-674","post","type-post","status-publish","format-standard","hentry","category-ohio-real-estate","tag-bidding-war-strategy","tag-bidding-war-tips","tag-bidding-wars","tag-tips-to-win-bidding-wars"],"_links":{"self":[{"href":"https:\/\/movingaheadcommunications.com\/blog\/wp-json\/wp\/v2\/posts\/674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/movingaheadcommunications.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/movingaheadcommunications.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/movingaheadcommunications.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/movingaheadcommunications.com\/blog\/wp-json\/wp\/v2\/comments?post=674"}],"version-history":[{"count":5,"href":"https:\/\/movingaheadcommunications.com\/blog\/wp-json\/wp\/v2\/posts\/674\/revisions"}],"predecessor-version":[{"id":1202,"href":"https:\/\/movingaheadcommunications.com\/blog\/wp-json\/wp\/v2\/posts\/674\/revisions\/1202"}],"wp:attachment":[{"href":"https:\/\/movingaheadcommunications.com\/blog\/wp-json\/wp\/v2\/media?parent=674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/movingaheadcommunications.com\/blog\/wp-json\/wp\/v2\/categories?post=674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/movingaheadcommunications.com\/blog\/wp-json\/wp\/v2\/tags?post=674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}