What if Your Dream Home
is also
Their Dream Home ?
Increase your chances of getting your dream house instead of
losing it to another buyer, with these easy steps.
Get prequalified for a mortgage. In this way, you’ll be
able to make a firm commitment to buy and make your offer more
desirable to the seller.
Stay in close touch with your real estate sales associate to
find out first about new listings that come on the market. And
be ready to go see a house as soon as it goes on the market.
Scout out new listings yourself. Look at Internet sites, newspaper
ads, and drive by the neighborhood frequently. Maybe you’ll
see a brand-new “for sale” sign before anyone else.
Be ready to make a decision. Spend lots of time in advance deciding
what you must have so you won’t be unsure when you have
the chance to make an offer.
Bid competitively. You may not want to start out offering the
absolutely highest price you can afford, but don’t try
to go to low and get a deal. In a tight market, you’ll
lose out.
Keep contingencies to a minimum. Restrictions such as needing
to sell your home before you move or wanting to delay the closing
until a certain date can make your offer unappealing. In a tight
market, you’ll probably be able to sell you house rapidly.
Or talk to your lender about getting a bridge loan to cover both
mortgages for a short period.
Don’t get caught in a buying frenzy. Just because there’s
competition doesn’t mean you should just buy anything.
And even though you want to make your offer attractive, don’t
neglect inspections that help ensure that your house is sound.
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