How to Win the House When There Are Multiple Offers

How to Win the House When There Are Multiple Offers

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How to Win a Multiple Offer Situation (6 ways to win a bidding war)

1. 0:40 - Clean contract. Don't have excessive addendums in your offer.
2. 1:47 - Escalation clause. Use this clause wisely and make sure you know how and when to use it.
3. 2:51 - Close on their terms. Be flexible on closing.
4. 3:43 - Talk with the listing agent (have your agent talk with the listing agent). When are they taking offers? Figure out what's important to the sellers and when offers will be reviewed.
5. 4:59 - Include a personal letter. For nearly identical offers, a personal letter to the sellers on why you are buying the seller's house may set your offer apart.
6. 6:08 - Waive contingincies. The home inspection is usually the first contingincy to waive. Be careful and work with your agent to figure out the risks invovled and what contingencies, if any, you will be waiving.


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Matt Leighton - Arlington VA Real Estate Agent
Licensed in VA and D.C.
Century 21 Redwood Realty
1934 Wilson Blvd
Arlington, VA 22201
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