BUYERS GUIDES

7 Winning Tips for BUYERS

Encourage your agent to reach out to the listing agent to find out what the seller is looking for, such as a quick close, an above asking-price offer or a waived contingency. This will help you and your agent craft a competitive offer.
Make a cash offer. If you’re not in a position to pay cash, get preapproved for a mortgage and have your preapproval letter in hand.
Pay attention to the listing agent’s request. Many times, they will have you submit
your highest and best offer. Ask your agent for some strategies on handling this type of offer.
Consider waiving contingencies. If you are financing, check with your lender.
Figure out where you can be flexible. You’ll need to move quickly, so know your must-haves versus your nice-to-haves before you start your search.
Don’t get emotional. Trust your agent to walk you through each step in the buying process.
Be available. Respond to inquiries quickly and ask your real estate agent to check in regularly with the listing agent to monitor the seller’s progress.

If you follow these guidelines you will help insure the success of your home loan!

Do Not change employment, quit your job or become self-employed.
Do Not apply for credit.
Do Not excessively charge on your credit cards. It can affect your credit score.
Do Not cosign on a loan for anyone.
Do Not quit paying your current debts. Immediately notify your lender if you receive a collection notice.
Do Not move your bank accounts.
Do Not spend savings budgeted for your down payment and cash needed to close.
Do Not take a loan out for down payment. It is not allowed.
Do Not deposit cash or other funds into your bank account that are not traceable. Your lender is required to verify the origin of all non-payroll deposits into your account.
Do Not fail to disclose any debts or pertinent information.

(Child support, IRS payments, judgment payments, foreclosure, bankruptcy)