Reply to Bidding on House with Multiple Offers?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm thinking of putting an offer on a house that will get multiple offers. Wondering what I can do to win, aside from having the highest offer. Any advice?

I've heard that the ability to close quickly can help. Anyone know about that? I'm looking at Wells Fargo and First Savings as lenders.[/quote]

If you don't already have your financing lined up, you're already out of the running for the house.[/quote]

Is it not possible for us to finish up the preapproval process in one day and submit a bid tomorrow? Or am I totally off on the timeline?[/quote]

A good seller's agent would likely hold all offers until all the bidders were ready to submit - assuming max one day extra to get preapproval.  But that's something your agent needs to verify immediately with the seller's agent.  Once they start receiving bids, the clock is ticking and you won't have much more than 24 hours to line up preapproval ... although if you're creditworthy, you can probably get that done by COB today if you start now.[/quote]

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