Hi All,
Wow, what a Spring and Summer this has been!
I thought you might like to know how important it is not to take the steps towards getting financing in order.
I spoke to a For Sale By Owner Seller yesterday in the SE of Tallahassee to preview his home of a Buyer Customer who has interest in it.
He told me that I could not view the house unless the Buyer presented a Lender Letter indicating there were Pre-Approved and have had the Lender do a credit check at a minimum.
What does this mean to you as a Buyer?? It means that Sellers are nervous about a Buyers Financing due to all the fall out the last few months with Mortgages.
If you want to get the best deal...You need to present a strong position to the Seller. Having your Financing well on its way or in place gives one of the greatest positions of strength.
I recently put a Buyer under contract for a "New Construction" Home in the NE of Tallahassee, and had the Seller/Builder/Agent tell me the only reason they took the deal at a significant discount was the Buyer's Financing was already in place, the Buyer presented a strong Binder Deposit, and could close in less than 30 days.
They Buyer could do all of this because they already had their Financing ready to go.
If you have any questions...feel free to call or email. 850.545.9317 chris@ringtherivers.com
Until Next Time!
Chris
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