How to win a bidding war for a buyer client in NYC

[Tcoleman92]

Any advice for someone new to real estate? Will the seller simply take whoever offers more money? Or is there more that goes into it that will sway them towards your client?

[aslan]

Hi Temetra, the answer to how to win a bidding war for a buyer client in NYC is more complex than I can sufficiently answer in a paragraph or two. I would recommend you start by reading this excellent guide on best and final offer strategy and tips in NYC.

The short answer is to submit an offer with the highest price you can, the least amount of contingencies (preferably none) and have your client be as financially qualified as possible. If your client is financing, it's ideal if he can put down more than 20% to be perceived as having less execution risk.