Gird Your Loins: Ali Ata on Tips for Winning a Bidding War
Ali Ata has heard the same story numerous times: a couple or a single buyer is very invested in purchasing a piece of property that ’ s high in demand. And yet, somehow, they are thwarted from their dream property by losing to the bidding war for it. And at a time when the property prices and home prices are at an all-time high, there ’ s an even greater likelihood that a buyer might lose out on their target home. Here are some all-important tips on how to gain the upper hand. A pre-approval letter in hand is an ace. One of the best things that a buyer can have in hand to prove that they ’ re good for the purchase is by having a pre-approved mortgage letter. Ali Ata explains that it ’ s more precise and more reliable than any verbal confirmation of your income and bank statement and something that gives a buyer the edge. Money talks louder than promises. Be prepared to up your offer. If you ’ ve got your heart set on that particular home, you have to be...