Mortgage City
Mortgage City
Mar 5, 2021
6 Ways to improve Your Position as a Home Buyer in Royal Oak So you’ve finally found your dream home and want to write a competitive offer. But you also want that offer to be an attractive one. So how do you improve your chances of getting that home and staying within your budget? Here are 7 ways you can improve your position as a home buyer and make your offer to attractive to resist: • Be flexible where the closing date is concerned, especially if the seller is facing unique circumstances such as lining up another home purchase. • Give the seller extra financial details, such as proof of funds for your down payment and earnest money deposit. • Minimize other contingencies by reducing your demands. • Provide the seller with a pre-approval (not pre-qualification) letter; this tells them that the lender has thoroughly examined your finances. • Streamline the home inspection process and include a contingency for it in your purchase offer. • When shopping for a lender, make sure to choose one with a strong reputation. Remember, you can always strengthen your negotiating position by putting more money on the table. You can do this by increasing the amount of your offer, not asking the seller to pay closing costs, or using and escalation clause. https://maps.google.com/maps?cid=12393257419259215781 https://local.google.com/place?id=12393257419259215781&use=posts&lpsid=8053659519172856673
Learn more