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How To Select The Best Offer For Your Home
Some great advice for sellers looking to pick the best offer for their home:
 
There are more homebuyers than homes currently for sale in today’s market. As a result, it is likely that home sellers will wind up with a multiple offer situation when putting their house up for sale. Accepting the highest offer seems like the easy choice, but it may not always be the best thing to do. Below, I’ve discussed other important considerations when it comes to accepting an offer from a homebuyer.
Pre-Qualified And Pre-Approved Homebuyers
The majority of offers will include a letter from a financial institution specifying that a homebuyer is either pre-qualified or pre-approved for a mortgage loan. Don’t be confused by the fact that people often use these terms interchangeably. There is a significant difference between the two.
Pre-qualification letters can be given to homebuyers who discuss their financial situation with a mortgage lender, who then provides an estimate of the loan amount a buyer will qualify for. At this point, the accuracy of the provided information has not been checked by the mortgage lender. A mortgage lender might be able to provide an accurate loan estimate for a homebuyer who is very ... more

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