The words every Seller and Realtor just love to hear… (Especially in today’s RED HOT market.)
If you are buying a new home, you most likely have come to realize just how hot this market is and you need to have the strongest offer.
When your house is sold “firm” it means the buyer is prepared, and legally obligated to purchase the house without any conditions. Once the offer is accepted, it means the home will belong to the buyer upon closing. As a buyer, you are then improving your chances in getting the home and give you a stronger pre approval.
Importance of a Pre Approval
Your mortgage broker or bank representative should be reviewing in detail your complete pre approval before making a firm offer. Knowing exactly what you can purchase for, will not only save you time but a lot of heart ache that can come with falling in love with a property that you then might loose out on. Read more on our Home Owner Series: you fell in love with a House now what?
If your bank or broker has not asked for your:
- Letter of Employment (full income documents)
- Reviewed your credit bureau and your
- Down payment source