Wednesday, July 17, 2013

How to show the seller your a real buyer.

(1) Get preapproved or approved for a loan. Cash buyers need proof of fiunds in the form of a lender letter or bank statements/investment statement with you full name & address on it. Allfunds or loan data needs to be within 30 days. Remmber you don't need to show your max only what proof that it meets your loans or cash needs for the purchase.
(2) If you need a referral get one from you current lender or Realtor.
(3) Don't look at anything with out knowing what your limits are to buy prior to looking.
(4) Share this information with types of loans or information on if you need to sell or need seller contributions to purchase nwith your realtor to include with your offer.
(5) Sellers that don't see proof of funds to close will in most cases ignore offers until this is provided. So don't miss the home you want by trying to get this done after you find a home or someone else will be buying your dream home if 2 offers come in & the other has support to buy & your offer doesn;t have this.
(6) Remove as many contingencies as possible.

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