By Jenny Gonzalez
123rf.com
How to Make Your Offer Stand Out in a Hot Market
T
he housing market may have slowed down in some areas, but inventory remains low in many places. These places have led to several bidding wars amongst prospective home buyers. That’s the nature of the current housing market. Due to the competition amongst buyers, home prices remain high. With this competition going on, each buyer employed different tactics to outwit the other in bid to win their dream home. Home buyers who are not prepared for this multiple-offer scenario lose out, which can be painful. If you are worried about losing your dream home in these bidding wars, I will explain some ways you can make your offer stand out. WWW.THEPOWERISNOW.COM
HOW TO MAKE YOUR OFFER STAND OUT • Show Proof That You Can Close the Home If you want the seller to consider you serious, the first thing you need to do is to show that you can afford the home. This proof could be a mortgage pre-approval letter if you intend to pay through a mortgage lender. If you are paying cash, you need to submit proof of funds alongside your offer. • Put Down an Earnest Money Deposit A good housing deal will attract multiple offers. If you haven’t gone through the buying process before, you’ll be amazed by what you people do to win a home. Sometimes, you may not be able to compete with the home buyers, especially if their offers are all cash. At this juncture, you should put down an earnest deposit. An earnest deposit is the money you submit with your l
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