•    A home financing preapproval shows sellers that you're a serious buyer with the financial means to close the deal.     •    Start using a lender to secure preapproval before starting your property search. An aggressive housing market is seen as popular and low inventory. This often triggers:     1.    Bidding Wars: Multiple buyers compete for the same property, driving up prices.     2.    Quick Sales: [[http://blitribe.com/doku.php?id=the_way_to_pick_the_ight_eal_estate_agent_fo_you_sale|condo 3 bedroom for sale]] Homes may fail contract within days or even hours for being listed.     3.    Limited Room for Negotiation: Sellers possess the upper hand and will reject offers with contingencies or lower prices. [[//www.youtube.com/embed/https://www.youtube.com/watch?v=fOeMaSw8m_w|external page]] a. Letting Emotions Take Over   Property deals is usually emotional, specially if you're selling a family house or buying your first property. 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