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How to Beat a Contingent Offer on the House You Want

HomeLight

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Get pre-approved for your mortgage loan Securing a mortgage pre-approval is perhaps the most important first step in making a compelling offer.

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

Housing Wire

Understanding the borrower Randy Kaufman, a senior loan originator at Notre Dame Federal Credit Union , offered his client the option to float his rate for a transaction that is set to close at the end of June. Being conservative never hurts and being strategic about the market is important, Jared Sawyer, a sales manager at loanDepot , said.

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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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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

Once your offer has been accepted, the excitement kicks in, and the countdown to closing begins. But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. So how can you avoid a delayed closing? What does delayed closing mean?

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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. That way, you can give them the time to move stress-free.

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

HomeLight

According to California real estate agent Ed Kaminsky , an appraisal is a “verification process” that the market did its job and the market value for your home is accurate. So, given 78% of buyers financed their purchase in August 2021 , there’s a good chance you will encounter an appraisal at some point before closing.