Source: Realtor.com —
Today’s homebuyers are all too familiar with bidding wars.
The low inventory and high demand we’ve seen over the past couple of years have forced many multiple-offer situations with buyers doing anything they can to stand out from the pack. Some go the route of throwing more money into the ring—anywhere from $100,000 to $1 million (yes, $1 million!) over the asking price. Others add enticing—and unusual—extras on top of their offers, like a year’s worth of frozen yogurt or a pledge to name their first-born child after the seller.
Truth be told, cash is king in most bidding wars. But if you don’t have an extra pile of cash sitting around to bolster your bid, there are other ways to make your offer stand out.
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