Wednesday, February 19, 2025

How to Win a Bidding War in the Urban California’s Competitive Markets?

 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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