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Use These 8 Strategies to Get Yourself a Home in 2022’s Real Estate Market

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In the preapproval process, you’ll usually submit documentation of your financial details, which can include bank statements, W-2s, a credit check, two years of tax returns, verification of your down payment funds, and more. Only include essential contingencies. Speaking of contingencies, Peterson says the fewer, the better.

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What’s the Deal with Making a Cash Offer on a House?

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Ever since the 2008-2009 recession, cash offers have become more prevalent, accounting for 33% of sales as of 2021 — that’s up from 20% in 2019. A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. Updated August 31, 2021.