Key Takeaways
- Multiple offers happen when homes are underpriced, in hot neighborhoods, turnkey condition, or during low inventory periods
- Escalation clauses can help you compete, but always set a maximum you can afford
- Waiving inspection contingencies is the highest risk—avoid unless you've done a pre-inspection
- DFW tactics like strong earnest money, flexible closing dates, and appraisal gap coverage can make your offer stand out
- Walk away if competing pushes you beyond your budget or requires waiving protections you're not comfortable losing
- Losing a bidding war isn't failure—most buyers find a better home within 60 days