You'll sleep much better at night knowing that the home you selected is yours. Moreover, you are able to tell
your relatives and friends that the household you made an offer is definitely going to close and you will not "lose
face" with anybody having a pre-qual morgage.
* Increase Bargaining & Negotiating Power
Sellers will be a lot more likely to immediately accept your offer, even if that offer is for less than list
price, because you are giving the seller peace of mind that her home is sold. She can take her home off the market
and place it into pending status with confidence.