When you are ready to purchase a home, it makes sense to negotiate from the
strongest position possible. In a strong real estate market, sellers can be more
selective in the final buyer they choose to negotiate with. In such a crazed
seller's market, it's not uncommon for a home seller to receive multiple offers
on their property. With that said; there are certain things you can do to make
certain that your offer is the one Seller goes with.
The vast majority of Purchaser's today go about the process entirely
wrong, putting themselves at an overwhelming disadvantage!
Let's look at this from the Sellers perspective for a moment. If you were the
Seller and had multiple offers on your property, all things being equal, would
you accept the one with Certificate of Financing Approval or the one that was
still conditional on Financing? The answer is obvious. Why then, do so many
buyers wait to start the financing until after they have found the home?
What I have found is that those buyers are usually very good, qualified
buyers and are not worried about getting approved. Even though they usually are
correct and will ultimately be Approved, the Seller in most cases has no
guarantees.
Lastly, from a cost savings perspective...
As a prospective purchaser, it makes all the more sense to start the
financing early on so you can get a firm handle on your interest rate and
estimate of points and closing costs. If you do this before finding a home, you
are not under any time constraints and are less likely to over pay like a buyer
who has found a home and is under strict time constraints.
Should you decide that you wish to take advantage of Pre-Approval, simply
complete the attached confidential mortgage application. We will locate the
absolute best mortgage rate and lowest closing costs possible and process your
application without any cost or obligation.
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stock pledges, etc.)
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any outstanding judgments, liens or pending legal action? If so please
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foreclosed or defaulted government loans in the last seven years? Please
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