How To Not Be A Loser In A Bidding War.

Nobody wants to be a bidding war loser. When making bidding war offers you want to come on top. The best offers during a home bidding war are the ones that don’t ask for extra items like, refrigerator, washer, and dryer. The trick to winning a bidding war on a home isn’t just asking for the “extras”, it’s also what loan you chose, how long will it be until you close and the way you construct your purchase offer in a way that is the strongest to the seller’s eyes but not breaking your budget for a home. This article will show you 5 tips to making your bidding war offer stronger so you won’t end up being a bidding war loser.

Tip 1
Do not ask for extras like refrigerator, washer, dryer and silly items that are cosmetic like asking for the home to be painted. Nothing will make a seller pass over your offer like asking for extras that have nothing to do with the value of the home.laptop-3196481_1920


Tip 2
Up the amount of your deposit, normally in the state of Louisiana, the deposit amount is pretty minimal to the amount of the home. The typical amount is as little as 250-2500 depending on the price of the home. If you’re in a bidding war you may want to consider upping that amount to 2500-5000 so the sellers know you are a serious buyer that has skin in the game.

Tip 3
Decrease the number of days for inspection. When you write a purchase offer most ask for a 10 day inspection period. If you reduce the number of days for inspection to 5 days your offer may look stronger to the seller due to the fact it will be fewer days off the market if the buyer will be removing the offer after the inspections are completed. With that said many realtors may suggest a pre-inspection prior to writing an offer if you use this tactic you may lose precious days that someone else can beat you to the punch to make an accepted offer and you will never get a chance to make yours.calendar-3045825_1920

Tip 4
Consider a different loan type. If you are not paying cash and you have not chosen a loan package you will need to discuss with your lender the best option for you to get the loan closed fast but still has your best interests.

Tip 5
Go with your highest and best offer with the first offer you come in with. This is not the time to test the seller on there willingness to come down in price. If you are serious make your strongest offer the first offer you make.document-428338_1920

Bonus Tip
It doesn’t hurt to add a little human emotion to your offer, sometimes we forget that families are involved so if you add a letter stating why this home is so important to you, this may be the deciding factor when it comes to a bidding war.


To look for properties in the Baton Rouge and Ascension Parish area click here:

Copy of my FREE Ebook For Buying In Ascension Parish:

Don’t Forget To Give A Thumbs UP ^ and Subscribe On YouTube

Your Real Estate Whisperer Kristina Smallhorn "Because YOU Matter"
Your Real Estate Whisperer For Ascension Parish, Kristina Smallhorn.

Kristina Smallhorn, Your Real Estate Whisperer,
eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817
225-246-1812,Office (225) 412-9982 ext# 149

Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License #0912122918

Wiring Fraud Alert For Home Buyers


Wiring Fraud Alert!!!!! Don’t Let These Hackers Steal Your Down Payment! Watch The Video To See How You Can Protect Your Money!

Wiring Fraud Alert For Home Buyers has become a real problem over the last couple of years. Imagine having your life saving for a down payment for your new home being stolen from you just days before the closing. It’s been happening all over the country even in Ascension Parish. The scam works like this, the hackers get a hold of either the title companies email account, the realtors’ email account or even the home buyers email account after one of these accounts are infiltrated the hackers sit and wait. They monitor the activities of all the parties involved in the transaction days beforehand they inform the buyer that wiring instructions have changed and they need confirmation they received the message so they can send the new instructions. These criminals are clever, by this time they have copied or even cloned the email addresses of the parties involved they really make these emails look very official. Buyers are of course in a panic and rush to there bank to give them the new wiring instructions, but the thing about it is, they just lost all their down payment and very little can be done to get that money back.

There are some ways to protect yourself. One is to change your email password often and have two code authentification. If you do get an email asking to change wiring instructions prior to closing make sure to call your REALTOR® to verify the title companies phone number. Never follow the phone number that is posted in the suspicious email.  Lastly, Instead of wiring the funds, if possible, just go down to your bank and get cashiers check, it may take a little more time but could save you tens of thousands of dollars.

To read my blog for more tips read this:

To Read More On Preparing Your Home To Sell, Click Here

To View Properties For Sale, Click Here

To Get My FREE EBook On Buying Homes In Ascension Parish, Click Here

Kristina Smallhorn, Your Real Estate Whisperer,

eXp Realty LLC 2900 Westfork Dr. Suite 401 Baton Rouge LA 70817 225-246-1812 Office (225) 412-9982 ext# 149 Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana