With the continuation of historically low-interest rates, and inventory continuing to be low, all buyers at all price points should consider ways in which to distinguish and elevate the quality of their offers. There are several ways in which to do this.
Make Sure You Are Pre-Approved For a Loan
Including a Pre-Approval letter a fundamental element of all offers, without it a seller can only wonder if the transaction will provide a predictable outcome. Additionally, there are different views of what the Pre-Approval letter should reflect. Some agents prefer that the Pre-Approval letter reflect the offer price, thinking that this might compel a seller to accept the offer due to the fact the buyer can only qualify for the offer