When considering your offer in a multiple offer situation:

Come in with your "Highest (price) & Best" (terms).

Be sure to ask your agent to present to you comparable properties that have sold recently, so you can make an informed offer in line with the particular neighborhood, style, size & condition of the home.

Terms Include:

• Deposit to be put in escrow

• Cash or Financing (Conventional, FHA or VA)

• Seller's Concessions

• Down payment on loan

• Inspection contingency

• Contingencies on the sale or closing of your current home

• Closing date

• Buyer’s Broker Commission

• Items requested to be included, such as appliances

Financing Details

• You will need an updated pre-approval letter to submit with your contract. Ask your agent for recommendations for trusted & local mortgage brokers.

• Your pre-approval letter should be from a local lender & verify your income, credit & funds needed to close.

• Double check your pre-approval letter reflects the current interest rates.

• Understand your monthly payments will include PITI-Principal, Interest, Taxes & Insurance.

• Be sure you are comfortable with the estimated monthly payments. You may qualify for more than you want to spend!

Make Your Offer Stand Out:

• Some sellers will not accept an escalation clause. Ask your agent about this.

• “Love letters” are no longer acceptable due to Fair Housing regulations.

• Ask the mortgage broker to reach out to the listing agent to confirm you have been well approved for the loan.

• Talk with me about other strategies may help your offer stand out and give you the best chance to get an accepted offer.

  Contact Gretchen at (716) 289-4003