Market Update
This weeks market update is for those of you that are looking to buy a home now or in the next few months. As an active broker I am working with buyers and sellers on a regular basis. What I have see lately is an increase of buyers in the market. More homes are getting multiple offers which means as a buyer its likely that you will find yourself competing against other offers. So what can you do to increase your chances of getting your offer accepted? 1. Get pre-approved not just pre-qualified, there is a difference between being pre-qualified and pre-approved. A pre-qualconsist simply of a lender taking a look at your credit score and income and saying based on that I can pre-qualify you. A pre-approval is more in depth and typically includes having to be DU (digital underwriting) approved. 2. Putting down a larger good faith deposit or EMD. The larger the initial deposit the better, it communicates to the seller that you are a serious buyer that ...