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Buyer Tips
A Glossary of Real Estate Terms
Looking to buy property in the Dallas/Fort Worth area? Don't get overwhelmed by
all of the considerations involved with the
buying process. We hope the information below will help.
As always MyNewHome101.com is here to assist you at either of its two offices.
If you would like more information, please
feel free to contact us at any time.
LET'S GET STARTED
Improve Your Chances
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With inventory diminishing daily and
multiple offers being extremely common, it is of great importance that you
position yourself to have the "Best Chance" to get your offer accepted. You
enhance your chance of getting the home of your choice by doing the following:
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Get pre-approved for the purchase:
This takes very little time and is of great value. At this time, identify the
price range for which you qualify and which fits your lifestyle.
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Submit a strong competitive offer:
Submit the offer as if there will be multiple offers.
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Include substantial earnest money deposit:
Acceptance of an offer is sometimes determined by the amount of the deposit. A
larger amount may signify a bigger commitment to the seller.
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Minimize or eliminate contingencies:
The fewer contingencies, the stronger the offer.
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Make a buyer profile available:
Time on the job, flexibility, reason for purchasing seller's home, etc.
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Be prepared to preview a new property quickly:
Homes sell sometimes in hours. Be prepared to make decisions quickly and be
accessible to change the terms instantly.
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Buyer and agent to have instant communication access:
Let us maintain instant access to each other via office phone, voice mail, fax,
pager or cellular phone.
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