{"id":113,"date":"2017-01-19T18:45:54","date_gmt":"2017-01-19T18:45:54","guid":{"rendered":"http:\/\/onpointcarolinasrealty.com.user.hoster905.com\/?p=113"},"modified":"2017-11-16T11:06:33","modified_gmt":"2017-11-16T15:06:33","slug":"how-to-win-a-bidding-war","status":"publish","type":"post","link":"https:\/\/onpointcarolinasrealty.com\/?p=113","title":{"rendered":"How To Win A Bidding War"},"content":{"rendered":"<p>When you\u2019re in a hot real estate market and shopping for a home, you just may find yourself in a bidding war. And a bidding war can push the price up even higher. So, how to win a bidding war?\u00a0 The best way to win a bidding war is to hire an experienced, professional real estate agent who can guide you through the tough negotiations in a bidding war. These pros are a good backup. Plus, you\u2019ll get good tips from them on how to win a bidding war.<\/p>\n<h2>Get Pre-Qualified vs Preapproval Letter<\/h2>\n<p>Having a preapproval letter is way better than just getting pre-qualified. You can up your chances of winning out other buyers. Although you\u2019ll have to submit all of your financial documentation to your lender before looking at homes, you\u2019ll be well-poised to pounce quickly when you find the home you want with a preapproval letter in hand.<\/p>\n<h2>Strengthen an Offer with an Escalation Clause<\/h2>\n<p>An escalation clause can strengthen your offer by stating that you\u2019re willing to increase your offer incrementally if other offers come in that top your initial bid. An escalation clause gives you the upper edge when you\u2019re facing a bidding way. You can also allow your bid to be valid for up to 20 days if the highest bidder makes an outrageous offer and does not deliver on it.<\/p>\n<h2>Scale Back on Contingencies<\/h2>\n<p>Sellers always have the upper edge in a bidding war, and they want offers that are clean and simple. Avoid putting in too many contingencies. You also don\u2019t want to ask the seller to pay your closing costs. Contingencies and requests for closing costs fees will make the seller say no to your offer and say yes to another offer.<\/p>\n<h2>Write Up a Love Letter<\/h2>\n<p>A little love goes a long way in a bidding way. Write up a love letter to the seller and appeal to their heart. Tell them why you want the home. Even add a couple of photos of the kids or pets. With so much fierce competition in a bidding way, appealing to the heart can make your offer stand out.<\/p>\n<p>Looking for a home in an active real estate market? Let the real estate professionals at On Point Carolinas Realty go to work for you and win you that home.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you\u2019re in a hot real estate market and shopping for a home, you just may find yourself in a bidding war. And a bidding war can push the price up even higher. So, how to win a bidding war?\u00a0 The best way to win a bidding war is to hire an experienced, professional real [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,29],"tags":[],"coauthors":[26],"class_list":["post-113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-buyer","category-home-seller"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To Win A Bidding War | Closing Home | On Point Carolinas Realty<\/title>\n<meta name=\"description\" content=\"So, how to win a bidding war? 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The best way to win a bidding war is to hire an experienced, professional real estate agent who can guide you.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/onpointcarolinasrealty.com\/?p=113\" \/>\n<meta property=\"og:site_name\" content=\"On Point Carolinas Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/OnPointCarolinasRealty\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-19T18:45:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-11-16T15:06:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/onpointcarolinasrealty.com\/wp-content\/uploads\/2017\/04\/howWin.biddingWar_med.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"397\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@onpointrealty\" \/>\n<meta name=\"twitter:site\" content=\"@onpointrealty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kim McBee\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/onpointcarolinasrealty.com\/#website\",\"url\":\"https:\/\/onpointcarolinasrealty.com\/\",\"name\":\"On Point Carolinas Realty\",\"description\":\"Top Realtors in Mooresville NC | Lake Norman NC\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/onpointcarolinasrealty.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/onpointcarolinasrealty.com\/?p=113#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/onpointcarolinasrealty.com\/wp-content\/uploads\/2017\/04\/howWin.biddingWar_med.jpg\",\"contentUrl\":\"https:\/\/onpointcarolinasrealty.com\/wp-content\/uploads\/2017\/04\/howWin.biddingWar_med.jpg\",\"width\":600,\"height\":397,\"caption\":\"how to win a bidding war\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/onpointcarolinasrealty.com\/?p=113#webpage\",\"url\":\"https:\/\/onpointcarolinasrealty.com\/?p=113\",\"name\":\"How To Win A Bidding War | Closing Home | On Point Carolinas Realty\",\"isPartOf\":{\"@id\":\"https:\/\/onpointcarolinasrealty.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/onpointcarolinasrealty.com\/?p=113#primaryimage\"},\"datePublished\":\"2017-01-19T18:45:54+00:00\",\"dateModified\":\"2017-11-16T15:06:33+00:00\",\"author\":{\"@id\":\"https:\/\/onpointcarolinasrealty.com\/#\/schema\/person\/bafb5ef715c47ea6475a6d22b16e1222\"},\"description\":\"So, how to win a bidding war? 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