As we head into Fall/Winter, historically this market is more favorable toward buyers. Here are the main reasons:
Since your competition is less, you can typically get sellers to help cover closing costs, etc.
That being said, we are still seeing competition for the most in-demand housing, and so I wanted to recap the different ways we can help our financed buyers remain competitive:
1. Waiving the financing contingency: we can help buyers complete the majority of the loan process up front, otherwise called "pre-underwriting", for free. In doing this, buyers can demonstrate to the seller that their loan is already approved, rather than "pre-approved". Considering that about 30% of offers are cash, this helps buyer stay competitive with cash offers.
2. Closing super fast: we can help buyers close as quickly as 6 business days from start to finish. If a seller has a vacant home and is hoping for a quicker closing, we can facilitate a lightning fast transaction to make the offer more attractive.
3. Calling the listing agent: Also free, my team and I are able to call the listing agent, who represents the seller, and assure them we have fully verified our buyers finances. We also share we have over 300+ 5-star Google reviews to help them feel more confident in their financing support.
Questions on this? Text me any time: 414-488-0438
Can't wait to help you finance your new home. I service Southeast Wisconsin and beyond!
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Contact Ethan Brooks
- Refined Mortgage Group
Ethan Brooks Mortgage Team
NMLS #1639987
Licensed In: WI - Legal Disclosures
4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800.
All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply