The real estate market is HOT right now in Phoenix and surrounding areas. With home inventory levels being significantly low coupled with the interest rates being low, newly listed homes are being sold within a few days or even hours of being listed! These newly listed homes are often receiving multiple purchase offers, which is excellent news for sellers.
Having multiple offers, on the other hand, is not excellent news for buyers. It is paramount for a buyer that is getting involved in a multiple offer situation, that they have a great mortgage loan specialist representing them that has experience with multiple offer situations.
Losing out on a house can be heartbreaking and frustrating for a buyer, so make sure when hiring the “right” loan specialist to work with, find out what they do to help their clients win in multiple offer situations!
First things first, there is a major difference between pre-approval and pre-qualification!
- Map Address: 10429 S 51st St Phoenix, AZ 85044