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How to Beat a Contingent Offer on the House You Want

HomeLight

You’re told that the seller is receiving multiple offers, but some have attached contingencies — conditions the other buyers have included in their offers. From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Get Started 1.

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Take more time, ask better questions: How loan officers are getting clients in homes as rates soar

Housing Wire

Being conservative never hurts and being strategic about the market is important, Jared Sawyer, a sales manager at loanDepot , said. Especially when the seller is willing to give concessions, the buyer is able to get a credit for closing and contribute to buying down points. With rates around 6.9% versus a 6.5%

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Creative Ways To Win A Bidding War In A Competitive Market

Easy Agent Pro

In today’s competitive real estate market , bidding wars have become common. Here, we’ll explore several novel yet effective ways of outwitting competition and increasing your chances of successful bidding in competitive markets. Start by researching the current market conditions where you intend to buy a property.

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

In real estate, the market is tied to the basic economic rule of supply and demand, which determines if a market is a buyer’s market vs seller’s market. Sure, certain seasons might have more foot traffic than others, but the housing market could vary drastically from neighborhood to neighborhood.

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16 Tips to Win a Bidding War on a House

The Close

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. Also, understand the difference between a prequalifying and a pre-approval letter. They thought I was a genius—which, of course, I am.

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Your Dream Home Appraised Lower than Your Offer: Now What?

HomeLight

When the appraisal comes in lower than your offer price, it’s either an opportunity for you to renegotiate the sales price with the seller — or it’s going to completely derail your home sale, and you’ll have to start over again. It’s tough to decide between your many options. Table of Contents. What is an appraisal and how does it work?

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Top LO Ben Cohen thinks first time buyers will return to the housing market this year

Housing Wire

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Lower production volume means cutting staff and restructuring to better focus on the purchase market, Cohen said. How does my payment look?