{"id":20216,"date":"2022-03-16T13:19:21","date_gmt":"2022-03-16T13:19:21","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=20216"},"modified":"2022-03-16T13:19:23","modified_gmt":"2022-03-16T13:19:23","slug":"all-cash-buyers-more-likely-to-win-bidding-wars","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/all-cash-buyers-more-likely-to-win-bidding-wars\/","title":{"rendered":"All-Cash Buyers More Likely to Win Bidding Wars"},"content":{"rendered":"\n<p>All-Cash Buyers More Likely to Win Bidding Wars<\/p>\n\n\n\n<p>Buyers who offered an all-cash transaction were four times more likely to win in a competitive offer situation than those who didn\u2019t in 2021, according to a report from Redfin. All-cash offers were found to be significantly more successful than other strategies, such as waiving the financing contingency or a pre-inspection.<\/p>\n\n\n\n<p>Bidding wars have grown more common in today\u2019s marketplace as buyers rush to compete for a limited stock of homes for sale. There were about four offers for every home sold in January, <a href=\"https:\/\/cdn.nar.realtor\/sites\/default\/files\/documents\/2022-01-realtors-confidence-index-02-18-2022.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">according to the REALTORS\u00ae Confidence Index Survey from January 2022<\/a>.<\/p>\n\n\n\n<p>According to Redfin\u2019s analysis, the strategies that were the most effective in competitive offer situations, and their rate of improvement in transactions, were:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>All cash: 334%<\/li><li>Waiving financing contingency: 31%<\/li><li>Pre-inspection: 25%<\/li><li>Waiving&nbsp;inspection contingency: No significant improvement<\/li><li>Escalation clause: No significant improvement<\/li><\/ul>\n\n\n\n<p>But, while cash is king, buyers using financing can succeed. Amanda Peterson, a Fort Worth, Texas, real estate professional with Redfin, says she advises her buyers to be financially prepared before submitting an offer and to know how much they\u2019re willing to spend over their offer for a house they truly want.<\/p>\n\n\n\n<p>\u201cWe have detailed conversations about how much over asking price they\u2019re willing to go and which contingencies they can waive,\u201d Peterson says. \u201cIf a buyer has a low down payment or another scenario that doesn\u2019t typically win a bidding war, I\u2019ve had success explaining buyers\u2019 unique situations to the listing agent and making it clear that their finances are reliable and the deal will close.\u201d Source:\u00a0\u201c<a rel=\"noreferrer noopener\" href=\"https:\/\/www.redfin.com\/news\/2021-bidding-war-strategies-all-cash\/\" target=\"_blank\">All-Cash Homebuyers Are Four Times More Likely to Win a Bidding War<\/a>,\u201d Redfin (March 14, 2022)<\/p>\n\n\n\n<p>\u00a9National Association of REALTORS\u00ae<br \/>Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All-Cash Buyers More Likely to Win Bidding Wars Buyers who offered an all-cash transaction were four times more likely to win in a competitive offer situation than those who didn\u2019t in 2021, according to a report from Redfin. All-cash offers were found to be significantly more successful than other strategies, such as waiving the financing &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/all-cash-buyers-more-likely-to-win-bidding-wars\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-20216","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>All-Cash Buyers More Likely to Win Bidding Wars - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/all-cash-buyers-more-likely-to-win-bidding-wars\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/all-cash-buyers-more-likely-to-win-bidding-wars\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/all-cash-buyers-more-likely-to-win-bidding-wars\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"All-Cash Buyers More Likely to Win Bidding Wars\",\"datePublished\":\"2022-03-16T13:19:21+00:00\",\"dateModified\":\"2022-03-16T13:19:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/all-cash-buyers-more-likely-to-win-bidding-wars\\\/\"},\"wordCount\":295,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/all-cash-buyers-more-likely-to-win-bidding-wars\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/all-cash-buyers-more-likely-to-win-bidding-wars\\\/\",\"name\":\"All-Cash Buyers More Likely to Win Bidding Wars - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.\",\"sameAs\":[\"http:\\\/\\\/www.anthonydidonato.net\"],\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"All-Cash Buyers More Likely to Win Bidding Wars - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.anthonydidonato.net\/wordpress\/all-cash-buyers-more-likely-to-win-bidding-wars\/","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/all-cash-buyers-more-likely-to-win-bidding-wars\/#article","isPartOf":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/all-cash-buyers-more-likely-to-win-bidding-wars\/"},"author":{"name":"admin","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"headline":"All-Cash Buyers More Likely to Win Bidding Wars","datePublished":"2022-03-16T13:19:21+00:00","dateModified":"2022-03-16T13:19:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/all-cash-buyers-more-likely-to-win-bidding-wars\/"},"wordCount":295,"publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"keywords":["Anthony DiDonato","News","Real Estate","tips"],"articleSection":["News","Real Estate Tips"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/all-cash-buyers-more-likely-to-win-bidding-wars\/","url":"https:\/\/www.anthonydidonato.net\/wordpress\/all-cash-buyers-more-likely-to-win-bidding-wars\/","name":"All-Cash Buyers More Likely to Win Bidding Wars - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","isPartOf":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website"},"datePublished":"2022-03-16T13:19:21+00:00","dateModified":"2022-03-16T13:19:23+00:00","breadcrumb":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/all-cash-buyers-more-likely-to-win-bidding-wars\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.anthonydidonato.net\/wordpress\/all-cash-buyers-more-likely-to-win-bidding-wars\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/all-cash-buyers-more-likely-to-win-bidding-wars\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/www.anthonydidonato.net\/wordpress\/"},{"@type":"ListItem","position":2,"name":"All-Cash Buyers More Likely to Win Bidding Wars"}]},{"@type":"WebSite","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website","url":"http:\/\/www.anthonydidonato.net\/wordpress\/","name":"Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","description":"Properties and Real Estate for Sale","publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/www.anthonydidonato.net\/wordpress\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","url":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","contentUrl":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","caption":"admin"},"logo":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg"},"description":"For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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