With interest rates near record lows and home values skyrocketing, it can seem to be a daunting time to buy a new home. Housing inventory is low, and more and more people are ready to buy homes thanks to low-down payment options like FHA, VA, and USDA loans. So if you are looking to buy, how can you beat the competition to buy your home?
The best bet is to get pre-approved for your mortgage. That’s where you need to start. Having a pre-approval on hand when you start shopping is a great way to start out your search, and it gives you a leg up on the shoppers that are just looking. You already have approval to drop a solid offer in the seller’s lap and maybe beat the crowd to a new home.
Another way to beat the crowd is to ask the seller about what they want to accomplish in selling the home. If they have a specific number or date to close by you can help them to achieve their goal. If you are willing to be flexible in your demands, you can get a jump on the competition and make a good impression on the sellers.
Another way to make a good impression is to include a personal letter with your application. You can really make a connection with another family by explaining how perfect the home is for you, and how your family can grow and flourish in the new home. Telling the seller that you are planning to make it a home, as opposed to someone who may rent it out or tear it down, can be the deciding factor for you.
Call The Home Loan Expert Team in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515, Nashville at (615) 810-8555 or Birmingham, AL at (205)721-7656. You can always apply online at hero.loan for your VA Loan, and www.thehomeloanexpert.com for your other mortgage needs, and we’re also open on Saturdays and will come to you to help close your loan. We work hard to make it easy on you. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?