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First Time Home Buyer: The Bidding War
If you’re a first time Home Buyer, you’re probably nervous about entering the home buying market. It can be a little intimidating at first. When you search homes in the Hippest Hoods in Charlotte, you’re likely to find them disappearing within a day or two. You may even find yourself facing a bidding war.But never fear! Buying your first home can be an enjoyable experience. And while you’re likely to face some stiff competition, outsmarting your rivals is easier than you think. So what strategies are most likely to give you a competitive edge?Here are 5 Tips to Stack the Deck in your Favor…♦  Have a seasoned professional on your side. Choose a Realtor® with solid experience in the neighborhoods you’re considering. The advantage to you is two-fold: we’re most likely to know about upcoming properties before they hit the market, and we’re most familiar with the strategies used in local bidding wars. That’s because we do this every day. Winning a bidding war is a subtle art form that evolves from spending a lot of time in the trenches. Align yourself with a Realtor® with a well developed instinct, and follow it.
♠   Be prepared. Get your loan pre-approval in place before you go home shopping. A great agent always includes it as part of your offer. It assures the Seller you’re qualified to buy. Waiting ... more

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