How to Win a Bidding War in Nevada County Real Estate | Evan Glasco
Why it matters: Sellers want serious buyers. A full pre-approval shows you can afford the home and close quickly, which gives them peace of mind.
What to do: Get a fully underwritten pre-approval from a reputable lender before you start submitting offers.
Pro Tip: A pre-approval letter from a trusted local lender can carry more weight than one from a national bank.
2. Make a Strong Offer from the Start
Why it matters: In a bidding war, a low or average offer likely won’t make the cut. If the home is priced fairly, come in strong to get the seller’s attention.
What to do: Work with your Realtor to determine fair market value, then submit a compelling—but smart—initial offer.
Pro Tip: Offering slightly above the asking price can make a difference—especially when paired with other clean offer terms.
3. Offer a Larger Earnest Money Deposit (EMD)
Why it matters: A bigger EMD signals to the seller that you're serious and unlikely to back out. It also strengthens your offer compared to others.
What to do: Consider increasing your deposit from the typical 1% to 2–3% (or more) to show strong commitment.
Pro Tip: A larger deposit demonstrates confidence in your financing and intent to close.
4. Limit Contingencies (But Don’t Skip the Inspection)
Why it matters: Sellers prefer offers that come with fewer potential delays or deal breakers. That said, skipping vital protections can cost you in the long run.
What to do:
Shorten the inspection period (e.g., 5 days instead of 10–14)
Increase your down payment to show financial strength
Be flexible with your closing date to accommodate the seller’s timeline
Pro Tip: Never waive inspections completely. Instead, consider doing an informational-only inspection to show you're flexible but still protected.
5. Write a Personal Letter to the Seller
Why it matters: A personal, heartfelt letter can sometimes tip the scales—especially when multiple offers are similar.
What to do: Write a short note about why you love the home, what it would mean to your family, and how you envision living there.
Pro Tip: Reference specific features of the home to show your genuine connection to the property.
6. Work with an Experienced Local Realtor (Like Me)
Why it matters: In a competitive market, you need someone who can act quickly, negotiate strategically, and present your offer in the best light possible.
What to do: Partner with a local Realtor who has strong relationships with other agents, knows off-market inventory, and can help you win without overpaying.
Pro Tip: Some homes sell before they’re listed—working with the right agent can get you access to these hidden opportunities.
Final Thoughts: Beat the Competition & Secure Your Dream Home
Bidding wars are challenging, but the right strategy can help you rise to the top without going over your budget. With proper planning, guidance, and local expertise, you can find—and win—the perfect home in Nevada County.
Let’s Craft a Winning Offer Together
If you’re buying a home in Grass Valley, Nevada City, Truckee, or anywhere in Nevada County, I’ll help you navigate the market, compete with confidence, and get the keys to your dream home.
Evan Glasco
📍 Realtor® | Lic# 02209690 | Coldwell Banker Grass Roots Realty
🏡 Nevada County Real Estate Specialist
📞 530-635-2521
📧 EvanSellsRealEstate@gmail.com
🌐 www.EvanSellsRealEstate.com
📢 "I'm more than just a Realtor—I'm here to guide you home."
🔹 Top 10% of Agents in California | Masters Club Member
🔹 Helping Buyers, Sellers & Investors Navigate the Market
🔹 Local Expertise | Negotiation Power | Personalized Service
