How to Win a Bidding War in Winnipeg—Without Overpaying for Your Dream Home in 2025

Strategies to AVOID overpaying in a nutty bidding war!

How to Win a Bidding War – Without Overpaying

The market is hot, and if you're putting in an offer on a property, chances are you're competing with several others. So, how do you come out on top, without spending more than necessary?

Most buyers don’t realize just how flexible an offer can be. You can tailor your offer to suit your situation while still appealing to the seller.

Here are my top tips for winning a bidding war:

1. Purchase Price

The most influential part of your offer is, without question, the purchase price. In today’s market, you’ll likely need to go above asking to be competitive. Start by doing your homework: look at comparable homes that have recently sold in the area. How much did they sell for over asking? Compare square footage, number of beds and baths, garage size, condition, and location. Understanding market value gives you a realistic picture of what the home is worth—and what it might go for.

2. Be Smart About Inclusions

Inclusions refer to items the seller is offering as part of the sale—typically things like appliances (fridge, stove, dishwasher, microwave, washer, dryer). Occasionally, sellers may include extras like a freezer, hot tub, or shed. It’s best not to request additional items outside what’s already listed. Asking for more than what’s being offered can weaken your position in a competitive situation.

3. Show Commitment with a Strong Deposit

Some buyers underestimate the value of a deposit. While it may not always be a dealbreaker, in competitive scenarios it can absolutely make a difference. A higher deposit signals serious intent and gives the seller added security—especially in unconditional offers. It shows you’re confident in your ability to close and committed to the purchase. Be sure to speak with your realtor about the risks and implications before committing.

4. Possession Date

If the seller has requested a specific possession date, try your best to accommodate it. Flexibility here can make your offer more appealing and show that you’re willing to work with the seller’s needs.

5. Conditions

Conditions can make or break your offer. The most common conditions are for financing and home inspections. In many competitive scenarios, we’re seeing buyers submit unconditional offers. If you still want a home inspection, consider doing a pre-inspection before submitting your offer. As for financing, many buyers are forgoing a financing condition—not because they’re paying cash, but because they’re confident in their pre-approval and ready to take the risk. It’s crucial to have detailed discussions with your lender and your realtor to ensure this route makes sense for you and to be sure you understand the risks associated with an unconditional offer.

6. Add a Personal Touch with a Letter

While not always necessary, including a personal letter can sometimes tip the scale in your favour—especially if the seller is emotionally attached to the home. A sincere note that introduces yourself and explains why you love the home may help humanize your offer. With this being said, it is important to write in your own words as it is easy to spot a letter written by ChatGPT! Think of features of the home that you would appreciate and like to highlight. A bay window where you can picture watching your children from, etc. Tug on those heartstrings!

Final Thoughts:

At the end of the day, price is still the most important piece of the puzzle—but it’s not the only one. Crafting a competitive offer is about more than just numbers. You may not win every bidding war, but with the right strategy, the right team, and a little patience, your time will come!

Thinking about buying but feeling overwhelmed by the market? Let’s chat. We’ll walk you through the process, strategize based on your unique situation, and make sure you're set up for success—whether it takes one offer or five. We’re in this together, and we’re ready when you are.

#AgentSheyla

Sheyla Duncan

Phone: (204) 871-3228
Email: Sheyla@QueenTeam.ca