Skip nav to main content.
logo-new-white limestone-fcu

How to Win a Bidding War on a Home

Steps for winning the home of your dreams.

If you’ve ever been in a bidding war for a house, you know how stressful it can be. Thankfully, there are ways to make it a little less intense. Here are some methods you can try to win a bidding war on a home.

Get Preapproved

When you decide on a house, get preapproved for a mortgage. Sellers like knowing that the process will move quickly given that you are already prepared with a mortgage offer.

Remove Restrictions

You can help yourself get a hot property by removing contingencies. Some sellers want to stay in the home until a specific date. Some want to move right away. If you are flexible, you’re more attractive to the seller.


Another way to win a bidding war is to include an escalation clause on your offer. This means you will increase your offer to overcome other offers up to a certain point. For example, you could bid $400,000, with an escalation clause that says you will top any other bids up to $460,000.

Pay for Closing

You can tempt a seller by offering to pay the house’s closing costs. A seller might appreciate not having to pay more out of pocket, and that could tilt the scales toward you.

Do One Thing: When bidding on a home, keep the big picture in mind. You don’t want your offer to go so high that you are struggling financially after the sale goes through.

Written by Christ O’Shea, SavvyMoney.

Back to Blog