How to Handle Multiple Offers on a House: Strategy to Win a Bidding War
One of the strategies to winning when there are multiple offers is to waive all contingencies. Another tactic is to remove or lower the number of inspections on a home. Escalation clauses are another way to win against multiple offers. Escalation clauses are a way to discover how much other buyers have offered and to try and beat them out incrementally. Escalation clauses may not be legal in all states and in some markets may not be used widely.