Loan Options. Timing. Watching the market like a hawk. Appealing to the seller. All these things can work together to help get you those keys to that home you've been dreaming of.
It is easy to assume that your loan choice will not be relevant to the seller of the home you want to buy. When a seller has multiple competing offers to choose from it will often come down to more than just numbers. A seller who has another home they are trying to purchase or a move they need to make, will be more concerned with making sure everything goes smoothly and quickly than making an extra $1,000.
Certain types of loans, like FHA, VA and USDA, can take longer to close or have higher inspection and appraisal criteria. Those are complications that may delay or even end a home sale. If you are a seller you will need to weigh those factors with price when evaluating multiple offers.
If you are a buyer and worried about making sure you can compete effectively for your dream home than knowing your options and working with a Realtor who has a background in mortgages (cough, cough, that is, Sadie Holt by the way ;-)) can be more than just helpful, it can be the difference between getting the home you want or someone else getting those keys.
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