In today’s tight housing market, it is very important to make your offer standout above the rest. This can be accomplished in a few ways:

1. Offer to Pay Cash – Great chance of getting the house, but limited to very few buyers.

2. Getting a pre-qualification letter- This is where you call a lender and tell them about your income and assets and debt obligations and tell them how your credit is. They may then tell you that you can afford XXX. However, they have not verified your information and very often the deal will not close.

3. Getting a Pre-approval Letter – A lender gets your application and all income and asset documents, runs your credit and determines that your total housing and debt obligations will fall within guidelines. The…

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