Strategies to Beat Out the Competition in a Hot Housing Market

With housing inventory at historic lows, many homes are seeing multiple offers and selling for hundreds of thousands of dollars over their list prices. How can a buyer beat out other bids? Redfin chief economist Daryl Fairweather and agents Shoshana Godwin, based in Seattle, and Michael Stein, who works in the Boston area, talk about the best strategies—and those to avoid—buyers can use to edge out the competition for their dream home.