Tips for Salt Lake City Buyers in Bidding Wars

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It's not easy to win a bidding war as a buyer in Salt Lake City. There are many strategies out there, but there are some different things that I want to share and highlight.

If you want to avoid bidding wars altogether, join our private client list. We can match buyers with properties that are not yet on the market.

If you find yourself in a bidding war, call the listing agent. We'll ask questions to learn the seller's motivations. This is extremely important because it allows us to match the buyer's strengths with the seller's motivations. We get every advantage when we structure the offer.

As a buyer, it's important to be flexible on deadlines. However, the best way to get an edge over the competition is to have a strong, underwritten approval letter. Having your lender send your file through the underwriter makes your pre-approval stronger than the others.

If you have any further questions about bidding wars or real estate in Utah, give us a call or send us an email!