Get offers accepted WITHOUT paying more.

Price Vs Terms

Buyers tend to only think about the price they are offering, but sellers also care about terms. When negotiating with a seller, there are ways to sweeten your offer other than paying more. The right lender can allow you to improve your offer terms and give you a better chance of getting an offer accepted. Sellers incorrectly chose “all cash” offers even at a lower offer price because of speed and assurance. Financing can compete against cash offers but it will come down to the terms

Close of Escrow Timeline

The standard 30 day close of escrow can be shortened. A good lender can allow you to close on a home in 21 days or less. This shorter escrow period gets you the keys sooner, and the seller receives the sale proceeds quickly.

Contingencies

Buyers are protected with contingencies that give them an out even after they get their offer accepted. Sometimes these contingencies are unnecessary or longer than is needed. With a full pre-approval a lender should be able to shorten or even remove loan & appraisal contingencies. Sellers and buyers both can benefit by knowing their transaction will go through.

Communication

Not all lenders are the same. There are large knowledge gaps, rate differences, and differences in service. Both the buyer and sellers side want a responsive lender who is communicative. Everyone likes updates and most importantly, the ability to reach someone. Online lenders will ghost both parties leaving everyone involved wondering what is going on. Big banks have general help lines and restricted business hours. You want to be able to call or text your lender with questions even in the evenings or weekends, and so will the sellers side. A good lender will reach out to the listing agent of each home you submit an offer on. Not only will they give the listing agent confidence in your ability to deliver what the buyer is offering, but it gives them the piece of mind to know that they have a human to work through your home purchase with.