Redfin: Here’s how buyers are winning bidding wars

With most homes in competitive markets igniting bidding wars, many times with dozens of bids, the odds may still mean that it could take several tries before getting an offer accepted. Here’s some advice Redfin agents offered for buyers frustrated after one or more failed attempts: Find out exactly why your offer wasn’t chosen.

16% of Redfin Homebuyers Faced a Bidding War This Month, Down from 61% Last Year San Francisco, Boston, San Diego and Portland are the most competitive housing markets, but still only 1 in 5.

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It’s unclear when exactly Redfin would go public or how many shares it will offer. The company plans to trade on the NASDAQ under “RDFN.” Redfin declined to provide additional details when contacted.

Only 16 percent of homebuyers using Redfin faced a bidding war during the first weeks of this month, the online brokerage reported Wednesday, a dramatic fall from a year ago when nearly two thirds of buyers were competing against other offers. Redfin’s report shows that the number of the brokerage’s homebuyers facing a bidding war.

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How to win a bidding war: Bring cash, lots of cash. winning bidding wars, a Redfin analysis of home sales over the past two years show. Buying a home without financing boosted a buyer’s.

 · Here’s how to win a bidding war. Coming with cash can actually double your chances of winning a bidding war, according to Redfin, a real estate brokerage.. home buyers.

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Such battles had slowed dramatically this past spring, thanks to more listings and more cash-strapped buyers unwilling to pay top dollar. Nationally, just 12% of offers written by Redfin, a real estate brokerage, faced a bidding war in June, down from 52% a year earlier.

Waiving the inspection contingency and the pre-inspection, typically conducted to mitigate the buyer’s risk when waiving said contingency, come with no significant gain in the odds of winning a bidding war. But this won’t stop Redfin agents from advising their clients to use them in appropriate situations while considering the associated risks.

How to Write a Winning Real Estate Offer Letter – Redfin Real-Time Bidding wars are common in today’s housing market. Fortunately, there are ways to make your real estate offer letter more competitive.