In many markets across the country, the amount of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. Washington DC Metropolitan area is not an exception – the market for desirable properties in Vienna VA, McLean VA, Arlington VA, Alexandria VA and Falls Church VA is very competitive, and often, buyers end up in a bidding war.
If you are competing with other buyers, one way to show that you are serious about buying home is to get a pre-approval letter for a mortgage and include it with the offer. In fact, majority of sellers in Northern Virginia, will not take buyers’ offer seriously if the pre-approval letter is not enclosed in the offer package.