May 8, 2008 at 12:25 am
#623904
charlabob
Participant
The offer can always fall through. Then you have to decide if the motivated seller will give you a better deal or the foreclosure sale will give you a better deal. These are the true bargains, when waiting doesn’t make sense.
Now, more than before, getting preapproved for mortgages is critical. People with excellent credit ratings are having trouble getting mortgages — so if you have preapproval, you’re even more a catch — only thing better is cash. (If you have cash, come see me — we can talk :-)