Are you really ready to get a great deal on a house?
Several of my clients have lost out on great deals because they haven't been ready to fulfill the terms that the listing agent is asking for. Such as;
- A pre approval loan letter! A simple sheet of paper from a financial institution saying that you either have the liquid funds up to a certain point or qualify for loan up to a certain amount.
- Ample earnest money funds available! Several agents and brokers are now asking from 1 to 3% earnest money on the offer sheet...
- The snap judgment decision-making, I often prepare my clients that a home will be coming on the market within days. I still have clients who say they want to live a specific area and even when their forewarned, aren't ready to go see the property quickly and then make their offer.
This has been happening more and more to me. Great deals don't last. Clients who are ready get those great deals, they don't become back up offers.
The best advice I can give any perspective buyer is be completely ready to view and make an offer. If you have reservations make the offer contingent on those reservations.
Don't get analysis paralysis!
This post was authored by Paul Henderson ©2012, All Rights Reserved, This content may not be reproduced or reprinted (Except for ActiveRain Re-blogging) without express written permission of Paul Henderson, RE/MAX Professionals, Tacoma, WA.
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