Tuesday, June 1, 2021 / by Mitch Stein
Today's housing market is very competitive. As a potential home buyer, you can increase the odds of being the winning bidder on the home of your dreams with these important tips.
Get pre-approved, NOT pre-qualified. Pre-approval confirms that you are able to secure a loan for that amount based on your verified credit, income, and assets. Your lender will provide you with a pre-approval letter that you should include in any offer that you make.
Know the market by researching properties currently for sale, as well as properties that have recently sold. A realtor can help you understand the current market conditions.
Make a well priced offer. Don't low ball! Keep in mind that while price is always a factor, the highest offer doesn't always win. The fewer contingencies that you place on the offer the better as clean offers are more appealing to sellers. To keep your offer clean, don't add in a bunch of stipulations or special requests.
Follow these simple guidelines and you will be presenting the strongest offer you can.
If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070.
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