I hope you had amazing Holidays with family and friends! 2024 was truly an amazing year (my 3rd child Frances was born, among other amazing things!)

As the market already starts to warm up ahead of the "spring market", I wanted to share a really powerful tool at my client's disposal!

Pre-Underwriting / Cash Offers / Waving the Financing Contingency! 

My favorite FREE way to help a client strengthen their offer is to WAIVE the financing contingency. This can be accomplished quickly and easily by pre-underwriting their loan.

When you do this, we typically leave the financing contingency box on the offer to purchase blank, or write in "N/A". What this communicates to the listing agent is (the realtor representing the seller), not only is your loan "pre-approved" but it is "fully approved". There is then no need for a financing contingency, as your financing is already done! This instills great confidence in the sellers as they can be assured your financing is complete.

Almost EVERY buyer can qualify for this, by the way. And, once we receive the needed documentation, can get to this underwriting status in a few business days in most scenarios. We submit a loan to underwriting with "TBD" as the listed address, and clear every credit, income and asset condition so that the loan is totally ready to go, besides appraisal (if applicable) and title. 

Questions on this? Please call/text me at ​414-488-0438​​​

Also, one of my favorite statistics is that in the Winter months (November - February), in the greater Milwaukee market, only about 50% of houses sell ABOVE list price. The remainder sell at or below. However, during the spicy Summer months, especially between May - August, around 60-70% of houses sell above list price. 

You are much more likely to get an accepted offer with seller credits or a better "deal" during the winter, if you are indeed able to move during those months!