In my region, home inventory is low, so we are seeing multiple-offer situations every day. By multiple offers, sometimes we see as many as 20 offers on one property.
We have three strategies we use to help make our clients’ offers stand out. In addition, these strengthen our relationships with our real estate partners as well as our clients. Perhaps these will work for you too.
Have buyers go ahead and send all their HOMEwork in early. Review everything, including tax returns and pay stubs, to get that preapproval thorough and complete.
As soon as our clients write a contract, we call the listing agent and let them know that everything has been reviewed. While a listing agent may have five offers on the table that all have a pre-qual or pre-approval letter, we're the only lender that is making that phone call, that connection. And, we let them know to contact us if they have any questions.
When possible, we are encouraging our buyers to ask about a 45-day lease back arrangement for the home they are trying to sell. That way, they can put an offer in on their new home contingency free (as their home has already sold).
In a highly competitive seller’s market, any opportunity we have to help our clients stand out is great for the buyer, great for our real estate partners and great for us, too.
Linda Davidson began her lending career in 1997 and quickly found that her passion was making the dream of home ownership a reality for her clients. As someone who grew up in government housing, Linda especially loves to help low- to moderate-income buyers. That's why Linda and each of her team members have their FHA DE underwriter certification, which gives them a unique brand in the marketplace. Some of Linda's many accomplishments include ranking in the Top 100 loan originators in the nation for government fundings, listed yearly in D Magazine Best Mortgage Professionals, and leading the Top Producing Branch for Service First Mortgage.