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<\/figure><\/div>\n\n\n\nGet pre-approved before home shopping<\/h1>\n\n\n\n
In the past, getting pre-approved<\/a> for a loan was something you could tackle after finding the home of your dreams.<\/p>\n\n\n\n Although if you try this today, it could stall your momentum before you\u2019ve even started. It\u2019s essential to have your ducks in a row before you make an offer.<\/p>\n\n\n\n Houses are going under contract within days and sometimes even hours. So, it\u2019s smart to speak with a lender and learn what you can afford before visiting a property.<\/p>\n\n\n\n Putting this pre-approval process off could lead to your dream home passing by. After all, a pre-approval letter tells you and the seller how much the mortgage company is willing to loan you.<\/p>\n\n\n\n Traditionally, once you have a pre-approval letter in hand, that\u2019s the amount you\u2019d use to set your budget.<\/p>\n\n\n\n But today you may want to set your budget a little differently. Homes are selling for more than the asking price and buyers are ending up in bidding wars.<\/p>\n\n\n\n Looking at properties under your budget will leave you with room to submit a competitive offer that goes above the asking price.<\/p>\n\n\n\n Buying a home is a big decision. It\u2019s normal to want to take time to weigh the pros and cons before submitting an offer.<\/p>\n\n\n\n But if you don\u2019t act fast, your dream home could be snatched by another buyer within hours of visiting the property.<\/p>\n\n\n\n However, don\u2019t feel pressured to throw money at the first home that looks OK. You should tour enough homes to understand what you want and what your money can buy.<\/p>\n\n\n\n This way, you can strike with confidence when you\u2019ve found the one.<\/p>\n\n\n\n With inventory at a record low, multiple buyers are competing for the same few properties. Therefore, going back and forth with a seller until you\u2019ve reached an agreement is rare.<\/p>\n\n\n\n Since sellers are receiving multiple full-price offers, you may not get the opportunity to counteroffer if you come in too low at first.<\/p>\n\n\n\n You need to put together a strong offer that stands out in the crowd. Be prepared to make your best and final offer in the beginning.<\/p>\n\n\n\n However, price isn\u2019t the only factor that matters when submitting an offer. It\u2019s also good to pinpoint the negotiation points<\/a> that are important to the seller.<\/p>\n\n\n\n From there, you can strategize your offer to match the seller\u2019s needs.<\/p>\n\n\n\n Even when you put your best foot forward, it\u2019s not always enough to persuade the seller. Be prepared to go through the offer-writing process more than once.<\/p>\n\n\n\n Submitting an offer in today\u2019s market can be a roller coaster ride. It\u2019s easy to get frustrated but stay patient and the best will come.<\/p>\n\n\n\n SOURCE<\/a><\/p>\n\n\n\n S&D Real Estate Services, LLCShop for homes below what you can afford<\/h1>\n\n\n\n
If you love it, act fast<\/h1>\n\n\n\n
Think big from the start<\/h1>\n\n\n\n
Be prepared to try again and again<\/h1>\n\n\n\n
2000 E. Edgewood Drive; Suite 103
Lakeland, FL 33803-3600<\/p>\n\n\n\n