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October 2021
Housing Market 2021- How To Win A Bidding War
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It’s no longer a secret that the housing market is on fire. With mortgage rates hitting record lows, demand has hit all-time highs giving sellers the upper hand. That’s why you’ll hear stories of houses going way over asking price, all-cash offers, and intense bidding wars. So, how do you stand a chance at getting your dream home when the competition is this fierce? In the video above, Get A Rate CEO Michael Sema goes over the secret to standing out to sellers without an all-cash offer. It starts with putting yourself in the seller’s shoes. Ultimately, sellers want to close the deal fast. To do that, they’ll want to choose a buyer with the best chance of making that happen. That’s done by looking at the offer letters and pre-approval letters. And what Michael reveals is that not all pre-approvals are the same, and he figured out a way to get buyers at the top of the pile: offering a $2,000 Guaranteed Pre-Approval.
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