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FYI: 4 Homebuying Tips To Get Your Offer Accepted In A Tight Market

From FoxBusiness.com….

Although the coronavirus pandemic has had a significant impact on American’s finances, one silver lining is that it has led to rock-bottom mortgage rates. And for many, those rates have opened the door to homeownership.

While mortgage rates have undergone a slight uptick recently, they are still at historic lows, which means that if you’ve been thinking of exploring the real estate market, now may be a good time.

However, this increased loan eligibility has led to fierce competition among home buyers. According to the National Association of Realtors (NAR), available homes for sale received an average of three offers before going under contract in 2020, an increase from an average of 2.3 offers in 2019.

With that in mind, when you find the perfect home, you need to do what it takes to make your offer stand out. To that end, we’ve brought you four tips to help get your offer accepted. Read them over to learn more.

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