- Here are some tips for making a competitive offer in a seller’s market:
- Pre-approval: Get pre-approved for a mortgage to show sellers you’re a serious buyer.
- Offer a higher down payment: A larger down payment can make your offer more attractive.
- Waive contingencies: Consider waiving contingencies, such as a home inspection or appraisal, to make your offer more appealing.
- Offer a quicker closing date: A faster closing timeline can be a significant advantage in a competitive market.
- Write a strong offer letter: A well-written letter can help you stand out from other offers and show the seller why you’re the right buyer.
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