Redfin: Here’s how buyers are winning bidding wars

Last month, 84% of offers written by Redfin agents in Oakland faced bidding wars, the highest share among the. We’ve seen some buyers make four, five, six offers and not win the bid, even if.

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There are simply far more interested buyers than homes for sale, and the imbalance is growing. That means when a house does come on the market, it can create a feeding frenzy. New data from Redfin.

In a bidding war, penning a cover letter increased a buyer's odds of. In December, 45% of Redfin offers faced competition, up from 43% a year earlier.. Underlying this is an economic theory known as loss aversion, which.

House Bidding Wars (8 Ways to Win!) The housing market is still in the early spring of recovery, but if you’re a buyer, you know it’s already hot out there. Very tight supply in markets across the nation is leading to bidding wars. Half.

San Francisco, San Diego and Las Vegas were the most competitive housing markets in August, but local buyers were far less likely to face a bidding war than last summer. Just 10.4 percent of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in August, down from more than 42 percent a year earlier.

"After years of strong price growth and intense competition for homes, buyers are taking advantage of the market’s easing pressure by being selective about which homes to offer on and how high to bid.

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How to Win a Bidding War on Chicago Real Estate After a winter freeze, home sales will soon heat up in the city. Here’s how to make sure your dream home doesn’t get bought by someone else.