October 2021

Housing Market – How To Win A Bidding War

Housing Market – How To Win A Bidding War

It’s no longer a secret that the housing market is on fire. With mortgage rates hitting record lows, demand has hit all-time highs giving sellers the upper hand. That’s why you’ll hear stories of houses going way over asking price, all-cash offers, and intense bidding wars. So, how do you stand a chance at getting your dream home when the competition is this fierce? 

In the video above, Get A Rate CEO Michael Sema goes over the secret to standing out to sellers without an all-cash offer

It starts with putting yourself in the seller’s shoes. Ultimately, sellers want to close the deal fast. To do that, they’ll want to choose a buyer with the best chance of making that happen. That’s done by looking at the offer letters and pre-approval letters. And what Michael reveals is that not all pre-approvals are the same, and he figured out a way to get buyers at the top of the pile: offering a $2,000 Guaranteed Pre-Approval.

He explains how Get A Rate pre-underwrites loans in about 15 minutes to guarantee the buyer will get the loan and close the deal. And if for some rare reason the buyer can’t secure the loan, Get A Rate will pay out $1,000 to the buyer and $1,000 to the seller. That’s music to a seller’s ears. See if any other lender or bank is willing to do that!

Watch the video to find out all the details of why this $2,000 Guaranteed Pre-Approval is so powerful in this hot market. Or, ready to apply now. The process to qualify couldn’t be easier. Just follow these two steps, and you could get pre-approved in 10 minutes or less. 

  • Fill out a digital pre-approval application to verify your eligibility. 
  • Once our underwriters verify your income, you will get an automatic pre-approval letter.

That’s it!

Get Pre-Approved Today https://getarate.com/mortgage-rates/app

Check out the full video now available on Youtube! Click here!

Was this article helpful?

Related posts
Top 7 Reasons To Buy A Home
February 2016
Top 7 Reasons To Buy A Home

The Spring Market is just around the corner and if you’re still on the fence about homeownership, here are ...

Buying a Home
6 Questions To Ask Mortgage Companies In NJ (Or Anywhere)
May 2015
6 Questions To Ask Mortgage Companies In NJ (Or Anywhere)

How do you pick a home loan lender out of a plethora of mortgage companies in NJ or really anywhere? ...

Buying a Home
Buying A Home? Find The Right Agent!
February 2020
Buying A Home? Find The Right Agent!

So you’re getting ready to start the home hunting process and you’d like to enlist a professional- great!...

Buying a HomeFinancial TipsTools
HomePath Ready: A First Time Home Buyer Program
November 2015
HomePath Ready: A First Time Home Buyer Program

You’re a First Time Home Buyer scavenging the web, looking for THEE first time home buyer pr...

Buying a Home