How can I navigate bidding wars in a competitive market?
How can I navigate bidding wars in a competitive market?
To navigate bidding wars in a competitive market in 2025, it’s important to be prepared financially and act quickly. Start by getting pre-approved for a mortgage to show sellers you’re a serious buyer. Work with a knowledgeable real estate agent who can guide you through multiple offer situations. Consider offering above the asking price, but also include contingencies that align with your financial capabilities. Finally, make your offer stand out with personal touches, such as a heartfelt letter to the seller, if appropriate.