How do I increase my chances of winning a bid?

What does it mean to drop financing contingencies?

If you bid without financing contingencies, you’re showing the seller that you’re confident in your ability to pay for the home. This gives sellers peace of mind, as it demonstrates that you’re serious and offers them greater certainty about the sale.

According to a recent NVM report, 40% of buyers nationwide—and over 50% in cities like Amsterdam and Utrecht—drop financing contingencies to strengthen their bids. At Walter, we see this too: 33% of our users win their bids without financing contingencies.

What about the risks?

If you’re unable to follow through on the purchase agreement, you’ll likely have to pay the seller a penalty. Often 10% of the purchase price. So it’s understandable to feel unsure about waiving contingencies.

Having solid savings can help ease the risks, and there are some mortgage advisors who offer options like “bidding with certainty”. This service ensures that you’re financially protected and prepared, giving sellers confidence in your bid while reducing your risks. If your mortgage advisor offers it, it’s worth asking how it works.

How your finances play a role

Having solid savings can make a big difference when crafting a strong bid. While all buyers need to plan for out-of-pocket costs like notary fees and appraisals, having extra savings gives you more flexibility. It can help reduce or even eliminate the need for financing contingencies—without fully forfeiting your safety net.

Are you buying your first home? Don’t worry—we’ve helped many first-time buyers explore their options. Together, we’ll map out your finances and create a strategy that works for you.

If you’re already a property owner, the equity (or overvalue) from your current home can also lower your reliance on financing, making your bid even more attractive.

Confident bidding starts here

Dropping financing contingencies isn’t for everyone, but it can make a big difference in competitive markets. Do you have solid savings, or could bidding with certainty be the right move for you? Talk to your mortgage advisor to explore your options.

Meanwhile, we’ll guide you all the way, tailoring your offer to your situation and helping you confidently craft a bid with the best possible chance of winning.