Some tips for winning a bidding war with ijara loansMay 31, 2014 at 10:18 am
Ask any real estate professional and they’ll tell you bidding wars are back in many areas across the United States as the housing market slowly recovers and people compete for the best homes. When you’re using ijara loans to buy a property, it’s important to keep in mind that bidding wars are not always won by the highest bid. Owners often sign on the dotted line with prospective buyers whose offer appears to be the one that will go through without any hassles.
One of the best things you can do to expedite the process along is to have a lender on speed dial that understands Islamic loans USA and your need to be fast and furious in a bidding war. If you can get your agent to talk to the seller’s counterpart to find out what will motivate them to sell, this could expedite the process along and make you the winner in one of these contests.
It’s also an excellent idea to keep a home inspector on alert so you can call one of these professionals right away to help close the deal. Even though ijara loans are different from their Western counterparts in many ways, the bidding war is something you might need to prepare for.