How To Get Your Offer Quickly Accepted
When making an offer on a house for sale in Wellington, Florida, are you wanting to get the best home for the least amount of money and have your offer quickly accepted? If so, then make sure you are in the strongest negotiating position possible. The selling price of a home is only one element in the negotiations, and sometimes not the most important one. Often other factors such as the strength of the home buyer or the length of escrow are more critical to a seller. Two of the most important include:
Pre-Approved or Pre-Qualified?
Get pre-approved for your home loan amount, have all the documentation to prove it, and submit those docs with your offer. Some buyers when looking for houses for sale in Wellington, Florida, have the misconception that getting "pre-qualified" by a lender puts them in a position of strength. Getting "pre-qualified" usually entails spending a few minutes on the phone with a lender who asks you a few questions. Based on your answers, the lender pronounces you "pre-qualified" and may even issue a certificate that can be shown to a seller and his or real estate agent.
However, most sellers and their Realtor are aware that such certificates are worthless. This is because usually none of the information has been verified and unknown problems can later come to the surface. Some of the problems can include:
- Recorded judgments.
- Alimony payments due.
- Glitches on the credit report due to any number of reasons both accurately and inaccurately.
- Down payments that have not been in the clients' bank account long enough.
- and more.
The best way to make the strongest offer today is to get "pre-approved". This happens after all information pertinent to your mortgage has been checked and verified. You are actually approved for the loan and the only loose end is the appraisal on the property. This process takes anywhere from a few days to a few weeks depending on your situation. Being pre-approved when looking for homes for sale in Wellington and when making an offer is a very powerful negotiating tool.
Sell Your Property First
If you have a house to sell, have it sold before selecting a house to buy. A sale with a contingency isn't nearly as strong as one that comes in with a ready, willing and able buyer.
Consider this scenario: You've found the perfect house in Wellington and you want your Realtor to make an offer to the seller's real estate agent. You want the seller to not only reduce the price, but also wait until you sell your house. The seller figures that this could be risky since he might pass up a buyer who doesn't have to sell a house while he's waiting for you. So he says OK, he'll do the contingency but it has to be a full price offer! You have now paid more for the house than you could have because of the contingency, and you have to sell your existing house in a hurry or possibly lose the house you want to buy. Selling your house quickly may involve having to take an offer that's lower than if you had more time. The bottom line is that buying before selling might cost you thousands of dollars.
If you would like to know more about how I can help you when buying a home in Wellington, please feel free to either call me at one of the numbers listed below or send me an email which I will respond to within a few hours, but often within minutes. Please be sure to include your contact information in your email.
|
