Sellers in hot markets can only accept one offer at a time. If yours includes a preapproval letter from a mortgage lender.
While everyone loves a bargain, you may not find one in a hot real estate market. Trying to underbid in a seller’s market means you’ll probably lose to a competitor.
When you look at homes in a competitive market, don’t fall in love with anything that is separate from the actual property, such as window treatments, appliances or porch furniture.
When you find a home that you really want to buy, you can’t deliberate too long. Time is of the essence when you’re competing with buyers that have their hearts set on the same property.