Three Ways to Win in a Bidding War

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy a home this season. Javier Vivas, Director of Economic Research at, explains: “COVID-19 has accelerated earlier trends, bringing even more buyers than the market can handle. In many markets, fierce competition, bidding wars, and multiple offer scenarios may be the common theme in the weeks to come.” Here are three things you can do to make your offer a competitive one when you’re ready to make your move. 1. Be Ready A recent survey shows that only 52% of active homebuyers obtained a pre-approval

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Just How Strong Is the Housing Recovery?

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