Make your home offer irresistible to sellers
It's a seller's market again in many parts of the country. With houses in short supply, we're seeing bidding wars on some properties.
"So you want to make yourself one of the buyers that they are willing to work."
Pat Esswein at Kiplinger.com says there are various ways to do that.
Get a letter of pre-approval from a lender. It not only helps you know how much you can afford, it reassures sellers that you're a viable buyer.
If you can afford it, pay with cash.
"Many people are paying with cash and that's because if you don't need to get a mortgage, you don't need to go through the mortgage underwriting process and that reassures the seller that you're good to go."
Esswein says when the market's hot; don't hold back on that initial offer.
"You may only have one shot to get it right, so you'd better make your best offer in the first place. If you don't, you may lose the property to another buyer who ended up paying that anyway."
And you may want to beef up your earnest money deposit to more than the local standard. It's just one more way to signal that you really want that house.
More Info: 9 Ways to Make Your Home Offer Irresistible to Sellers