While it’s not surprising that all-cash offers are more likely to win in a home-buying bidding war, a new report by Redfin shows that all-cash offers improved the likelihood of success by – 334 percent!

And, according to the National Association of Realtors, there was an average of four offers for every house sold in January 2022.

The second most successful bidding-war strategy was waiving the financial contingency which improved the likelihood of success by a significantly less 31 percent.