A letter of pre-approval and proof of down-payment is a necessity when submitting an offer? Correct? At least, that's the case here in the bay area where it is still a pretty competitive market.
Has anyone been monitoring the inventory? I noticed an astounding number of open houses last week around my place in Cupertino. The inventory, at least locally, seems to have just popped all of a sudden. I'm guessing this is somewhat seasonal in spring?