WHEN YOU’VE FOUND THE HOUSE YOU WANT
As you and your agent decide how much you’d like to offer on a home, you’ll have to weigh some important factors. Here are some things to keep in mind that may affect the amount you want to offer:
• The home’s asking price
• Recent home sales in the area
• Market conditions: Has the home sat on the market for a while?
• How badly do you want the house?
• The condition of the home
Applied knowledge: Here’s where your Mortgage First approval flexes its muscle.
Sellers know that an offer from a buyer with Mortgage First approval is solid. That’s an advantage over most shoppers who wait to get approved until after they find a home to purchase, since your upfront approval confirms that your financing will not fall through. Sellers also appreciate that buyers like you can close quickly because you’ve already jumpstarted your home loan process!
Your real estate professional will prepare the documents that will make your offer official, and will present it to the seller, or to the agent who represents the
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