Make sure sellers know
- Qualified borrowers are looking for deals.
- Fewer borrowers are qualifying for home loans.
- Rising foreclosures tend to negatively affect home values.
- Increased "days on the market" (DOMs) increases the likelihood that buyers will aggressively negotiate prices down.
- Loans may take longer to close.
- Appraisals are becoming more difficult to obtain.
- Loans take much longer to close in the current market.
- Pre-approval is critical.
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