How to Handle Multiple Offers on a House: Strategy to Win a Bidding War

Some tactics you can use to win against multiple offers on a house. Currently the real estate market is hot and there are bidding wars for many properties. There are numerous strategies to help you win a bidding war when there are multiple offers on a house for sale.

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.

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