As a home buyer, I'm sure you're familiar with the concept of staging a home. The purpose of staging is to make the home appear as attractive as possible to potential buyers.
And just like a home should always be staged before going to market, you MUST get staged as a buyer to have a chance in today's super-competitive market.
But you've probably never heard of getting "staged" as a home buyer before. Put simply, it means we need to position you to appear as attractive as possible to a potential home seller; even if you're offer isn't the highest offer.
It's commonly said in real estate that "the best offer gets the house, which isn't always the highest offer". Getting staged as a home buyer is all about putting in the best offer, not the highest one.
The first step is to obtain condition loan approval, or approval subject to address, which isn't the same as pre-qualification or pre-approval. If you need a refresher on the different definitions, you can go back and review them in the "First Time Home Buyer's Checklist" I first sent you.
Next, you'll want a strongly-written letter from your lender indicating that your credit score and financial records are within the underwriting guidelines for the property's purchase price, and that only a satisfactory appraisal and title report (and inspection if you're using an FHA or VA loan) are required for formal loan approval and closing.
The purpose is to leave no doubt in the seller's mind that obtaining a loan won't be a problem. Accordingly, you may choose to waive your loan contingency with your offer.
The #1 reason why homes fall out of escrow is because of issues with the loan. By minimizing or eliminating that risk in the seller's mind, they may elect to go with your offer over a higher, but riskier offer.
Author:Andrew Ramirez Phone: 714-742-8182 Dated: December 13th 2017 Views: 46 About Andrew: Andrew Ramirez was born and raised in Orange County, living in Irvine and Tustin as a child before m...
View our latest blog posts in your RSS reader. Click here to access.
With seven consecutive years of five-star status in Orange Coast Magazine, The Kurt Real Estate Group is among the elite. No matter where they’ve gone, they’ve set record sales. Whether you’re a buyer, seller, or investor, Kurt and his team work diligently, honestly, and with the utmost professionalism and are passionate about helping you achieve your real estate goals.
Kurt is ranked among the top two percent of Coldwell Banker agents nationwide. Kurt’s experience investing in and flipping homes and his connections with the Hollywood Film Industry give him an unparalleled edge and keen insight into market trends. The opportunity presented to you in working with Kurt is why The Kurt Real Estate Group is recognized as one of the top real estate teams in Orange County.
With the average California home price at its highest point this year,
"Kurt is an extremely attentive and effective Realtor who helped me and and wife find the perfect home. We looked at just under 100 houses in 6 or 7 different neighborhoods for three months. We're talking weekends, weekdays, mornings, evenings... We were often looking morning to evening!
I found it hard when my wife and I didn't agree but Kurt didn't give up...Read more on Yelp