5 tips for winning a bidding war.. Financing or inspection contingencies can make sellers nervous about potential delays, so avoid these conditions if you can. In some states, you may be entitled to an inspection even without this contingency. In Georgia, for instance, buyers have a seven-day.
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Here are six tips to win a bidding war for your next home.. sellers want to know the buyer can finance the property and meet any other conditions. If you don’t know the date when the sellers.
Here’s a look at strategies for homebuyers competing in a bidding war. 1. Line up financing in advance. Nowadays, you may be competing with all-cash buyers, so if you need to get a mortgage, having financing ready to go can help reassure sellers. "Preparation is key," says Gary Malin, president of Citi Habitats, a manhattan real estate firm.
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· How you can win a bidding war Power Lunch The housing market is still in the early spring of recovery, but if you’re a buyer, you know it’s already hot out there.
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· New Way to Win a Bidding War in a Seller’s Market: An Escalation Clause. September 1, but it is here in Florida. I was recently quoted on this very topic in 5 Tips for Buying in Hot Real Estate Markets.. As long as you are OK with paying that $10,000 difference in cash versus financing it – you are fine – but otherwise an appraisal.
However, if winning a bidding war on a house is the end result you’re looking for, there’s nothing wrong with putting it all on the table and letting a seller know how serious you are. Work with your realtor to come up with an escalation clause that fits with both your strategy and your budget.