Pre-qualification means you and/or your lender still have homework to do, and that the financing situation is not as certain as it could be. Full pre-approval with a trusted local lender can help make your offer stand out (potentially even against cash offers).
Offer Appealing Price & Terms
The bottom line is often the bottom line, but there are other ways to make an offer appealing to a seller. Being flexible on when you take possession, letting the seller rent back and other advantages can sway things in your favor (if you have the flexibility!).
Love Letters- Kiss them Goodbye?
"Love Letters" buyers may have previously written have come under intense scrutiny lately... Subconscious bias, or choosing an offer in a way that could be construed as discriminatory could put a seller at risk of violating Fair Housing Laws. As a result, many sellers' agents are advising sellers not to take them into consideration. Accepting "love letters" or not remains the seller's choice, but they may no longer be an option in many cases.
Skip the Bidding War Altogether!
Let us find something off-market for you. We've helped our clients find their ideal homes even in low-inventory markets.
With these items in mind, and a great agent to act proactively on your behalf, the challenge is not insurmountable...