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Top 5 Strategies to Win a Property Bidding War Without Overpaying

Bidding wars are common in hot property markets, but they don’t have to break the bank. Here are five powerful strategies to help you secure your dream home without overpaying.

Top 5 Strategies to Win a Property Bidding War Without Overpaying

Bidding wars are common in hot property markets, but they don’t have to break the bank. Here are five powerful strategies to help you secure your dream home without overpaying.

  1. Set a Limit and Stick to It: Decide in advance the absolute maximum amount you're willing to pay, and don’t exceed it—even if the competition heats up.
  2. Get Pre-Approved for a Loan: A pre-approval letter shows the seller that you're serious and financially prepared, which could give you the upper hand.
  3. Make a Strong, but Reasonable Offer: The first offer sets the tone. Make a competitive, well-researched offer without going overboard.
  4. Appeal to the Seller’s Needs: Is the seller looking for a quick settlement? Offering terms that align with their needs can sometimes win you the deal at a lower price.
  5. Be Ready to Walk Away: If the property isn’t meeting your financial limits or expectations, be prepared to walk away. Sometimes, walking away is your best negotiation tactic.

If you want to increase your chances of winning your next bidding war, get professional help to secure the best deal.

Scott Aggett is Australia's #1 expert property negotiator.

Book a consultation with Scott today and learn how our expert negotiators can help you make an informed offer.