By Sudarsan Pattabiraman (Real Estate Broker) | 510.944.5616 | sudarsan@upclinch.com
How to Win a Bidding War in the
Urban California’s Competitive Markets?
With limited inventory, bidding wars are common in the urban areas in
California. Here’s how to stand out and win your dream home:
1. Get Pre-Approved, Not Just
Pre-Qualified
- A fully
underwritten pre-approval makes your offer stronger.
- Sellers want
serious buyers who can close quickly.
2. Offer More Than Just the Highest
Price
- Flexibility on
contingencies, a strong earnest money deposit, or a short closing period
can make your offer more attractive.
- A personalized
letter to the seller can sometimes make a difference.
3. Move Fast & Be Ready to Act
- Homes move
quickly—schedule showings ASAP and be prepared to submit an offer.
- Work with an
agent (like me!) who knows how to craft a competitive offer.
4. Consider an Escalation Clause
- This
automatically increases your bid if another offer comes in higher, up to a
set limit.
Winning a bidding war requires strategy and expert negotiation. Let
me, Sudarsan Pattabiraman, help you secure your next home in your desired area —contact
me today!
Contact Sudarsan for
planning and idenitfying your perfect home / Investment acquisition. Schedule time to
unlock your asset’s untapped value and realize it for the benefit of you and
your family. Email:sudarsan@upclinch.com
Phone: 510.944.5616
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