RE/MAX Trinity | Malden Real Estate, Medford Real Estate, Everett Real Estate, Saugus Real Estate


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Situations arise where prospective buyers find themselves in a bidding war with another buyer over the house they desire. Circumstances like this occur in a seller’s market where the demand for property is higher than the market can provide. It’s not uncommon to see multiple buyers vying over the same property in a seller’s market. In these cases, buyers often attempt to best their competitors by submitting ever-increasing offers. To help you win a bidding war, you need to stand out from other buyers. Consider the following methods that may boost your chances of securing the home you desire. 

Up your offer

In a bidding war, the person with the highest bid ends up with the home. If you want to increase your chances of becoming the owner of a house when you have competitors, offer more money for the home. You do not have to go overboard when increasing your offer; a few hundred dollars more may make a difference. In this case, follow the guidance of an agent experienced in negotiating bidding war situations.

Be ready to show your pre-approval

To give yourself a winning edge during a bidding war, show the seller you are a serious buyer and that you are prepared to see the transaction through to the end. Sellers pay more attention to buyers that come prepared and ready to finalize the contract. A pre-approval letter from your lender can give you that edge.

Waive your contingencies

A contingency is asking the seller to make a concession on your behalf. Examples include closing delay contingencies based on your current home selling or your receiving proceeds from probate of a will. Other contingencies might be asking the seller to repair a roof or broken window before the close of the agreement. If you decide to waive your contingencies during a bidding war, it speaks volumes to the seller of how badly you wish to proceed with the transaction. You want to be careful though when waiving contingencies so that you do not end up in a situation where you lose your earnest money – be sure it’s a risk worth taking. 

Pay in cash

Offering to make payments for the house in cash gives you a chance over other competitors. It’s not an option everyone can afford, but if you can pay cash rather than getting financing, put the offer on the table. If you are offering to pay cash for a property you are in a bidding war to purchase, it eliminates third parties, reduces closing time, and makes the seller understand that you are serious. 

Include an escalation clause

An escalation clause is an addendum included in your offer telling the buyer that you are willing to increase your purchase offer by a certain amount if another buyer is matching your offer. An escalation clause comes in handy when you are trying to win a closely fought bidding war. 

To win a bidding war over a home you like, you must be strategic and ready to go the extra mile. Make sure your real estate agent knows your maximum budget to negotiate for you appropriately.



832 Massachusetts ave, Boxborough, MA 01719

Single-Family

$504,000
Price

6
Rooms
3
Beds
2
Baths
*** Newly Renovated *** Spectacular and wonderful open floor plan *** New baths*** New Modern Kitchen *** New SS Appliances*** NEW HVAC***. Walk in to the foyer and experience the vaulted ceiling in the living room. Prepare you favorite meals in this beautiful two tone kitchen cabinets with Vicenza quarts countertop and stainless steel kitchen appliances. Additional spacious room can be used as an office space or the fourth bedroom. Be prepared to be amazed with the size , vaulted ceiling, en suite bath and the walk in closet of the master bedroom. Gleaming hardwood floor thru out the house. Elegant finished basement that can be used as man's cave or a huge play room for the kids. May be you can start the business you always want to in in this space. The property is zoned TC (Town Center) that allows for many possibilities that include professional or business office, Day Care. Veterinary and kennel.......Best deal in the town.
Open House
Sunday
February 23 at 1:00 PM to 2:30 PM
Cannot make the Open Houses?
Location: 832 Massachusetts ave, Boxborough, MA 01719    Get Directions





306 Beech Ave., Melrose, MA 02176

Single-Family

$629,000
Price

11
Rooms
5
Beds
2/1
Full/Half Baths
ROOMY, RENOVATED & DE-LEADED, this delightful home is bound to suit your every need. Good indoor & outdoor space and In-Law potential. Flexible floor plan has two 1st fl bedrooms with a full, refreshed bath in between; BRAND NEW Kitchen opens to a large DR w/slider to deck; Bright LR w/good natural light, home office w/separate entrance & 3-season sun porch complete the main living level. The 2nd fl. has 3 bdrms and a NEW, full bath. Part-finished lower level w/FR, kitchenette area w/sink and cabinets for storage & hobbies and a Play Room (possible bdrm) w/adjoining large 1/2 bath w/potential to expand. Bonus unheated room perfect for exercise opens to large enclosed porch to store bikes, a kayak or outdoor furniture. Step into the lovely yard w/above ground pool & raised garden beds. Newly refinished hw flrs; New lower level flooring; NEW washer & dryer; Roof & Heat approx 6 yrs. Highly rated Public Schools, pub. transportation, great downtown eateries, shops & amenities.
Open House
Sunday
February 23 at 12:30 PM to 2:00 PM
Must see this spacious home with many updates, flexible floor plan, new kitchen, new bath, hw flrs., finished lower level rooms w/ full walk out to nice yard. Updated utilities, newer heat and roof.
Cannot make the Open Houses?
Location: 306 Beech Ave., Melrose, MA 02176    Get Directions

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This Single-Family in Saugus, MA recently sold for $522,500. This Raised Ranch style home was sold by Office Malden - RE/MAX Trinity.


11 Floyd St, Saugus, MA 01906

Single-Family

$495,000
Price
$522,500
Sale Price

10
Rooms
3
Beds
1/1
Full/Half Baths
Well maintained 3 bed, 1.5 bath with great potential and flexible floor plan. This home features a fireplace living / dining room combination open to the kitchen that has granite and stainless appliances. Off the dining room and kitchen is an enclosed 13 x 11 porch overlooking the well manicured level back yard. Three bedrooms with ample closets and an updated full bath finish off the upper level. Walk-out lower level offers a large foyer with huge walk-in closet and access to the one car garage. Fireplace family room opened to a bonus room great for home office or second dining area. Small kitchenette with laundry hook-up and half bath. Freshly painted interior, newly refinished hardwood floors on upper level, and nice ceramic tile throughout the lower level. Great location with easy access to major routes and quick commute to Boston, Logan Airport, and points North.

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89 Kimball Rd, Amesbury, MA 01913

Single-Family

$459,000
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
Here is your chance to get into this 15 year young colonial. Right Across the street from Lake Attitash. With a Bright and spacious open floor plan. First floor consist of kitchen w/ island opens up to a fireplaced Livingroom and dining room. hardwoods through this level. Also a 1/2 bath with washer / dryer hookup .2 nd floor has 4 Good size bedrooms. The spacious Master has his and her wall to wall closets. And a full bath. There is a walk up attic that could easily be finish for extra living space. Plenty of storage in basement. Call to schedule a private showing.
Open House
No scheduled Open Houses

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