Bidding War Strategies for Home Buying

Studio Romantic/ShutterstockBefore you even enter a bidding war on a house, there are some strategies you can enlist. Financial planning, hiring the right professionals, and having a long-term objective mindset, for example, will go a long way in reaching your goal.But when you’re in the thick of negotiations, what can you do to ensure you win the day? In this tight market, preparation will make the difference between losing and winning your dream home.Mortgage Preapproval LetterAccording to Rocket Mortgage, sellers will consider your offer more legitimate if you have mortgage preapproval. A preapproval letter estimates how much you can borrow and shows the seller you’re a serious buyer, increasing the likelihood your offer will go through the mortgage process.