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Redfin: Here’s how buyers are winning bidding wars

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Redfin: West Coast homebuyers are winning the bidding wars As lackluster home sales push inventory growth in the nation’s housing markets, new data from Redfin suggests purchasing competition has begun to ease in nearly every metro across the country. According to the company, 56% of Americans who purchased a home in the first quarter of [.]

And brokers have reported less investment money pouring in from buyers in China, who are more likely to make all-cash offers that typically win bidding wars. Seattle is also part of a national trend:.

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/ 9 Strategies to Win a Bidding War when Buying a Home You may have found the home of your dreams, but be prepared to fight to make it your own. Bidding wars aren’t as common as they once were, but there’s still a chance you could find yourself facing competitive bids from other home shoppers.

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Honest Advice for Buyers in Bidding Wars According to Redfin, just 16 percent of offers written by its agents on behalf of. ” If the rate of bidding wars begins to increase in a meaningful way this. “This is the largest year-over-year increase in time on market since January. but buyers still need to move quickly to win homes in the popular areas.”.

According to Redfins’ 2013 Report on Bidding Wars, the return of the bidding war may have peaked in 2013, but it’s not over by far. Redfin completed a study of its realtor sales in 19 US markets and found that in April 2014, 37.9% of homes sold above asking price compared to 22% during the previous quarter and 44% just one year prior.

the higher they are likely to have to go to win the bidding war. This is where having a good buyer’s agent is essential. Read out about our top 1% buyers team in the Portland metro here. We don’t have.

That’s below last year’s bidding peak of 73.4 percent last March. Still, Redfin real estate agent Mia Simon, who serves Silicon Valley buyers, says in this climate, "it’s very rare to have [an offer] where we’re the only one." Here’s a look at strategies for homebuyers competing in a bidding war. 1. Line up financing in advance.

 · A year ago, all three of these markets were seeing 26 percent or more of Redfin offers face competition. The rate of bidding wars is still down considerably in.

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