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Home Buying: Step 3 - Present Purchase Offer to Seller

Date: Aug. 6, 2007
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As with so many things these days, it is often the little things can make the difference when sellers evaluate multiple offers or when you want to offer less than the price that they want to sell.

One great thing is to have Ye with me when we give the Listing Agent and/or Seller your offer. Depending on how the Listing Agent and Seller review the offer(s), one of the first things that the Listing Agent will do is to call the Mortgage Agent in the pre-approval letter. If this happens in the evening, it can be 6-7pm by the time the Listing Agent calls the Mortgage Agent to confirm that the buyer is pre-approved and to make sure that there are not any issues or anything. When Ye and I present your offer together to the Listing Agent, Ye goes over your pre-approval with them and answers any questions as appropriate.

Compare this to another offer with with a similar price, but where the mortgage agent could not be tracked down to confirm the pre-approval...and you can guess which client gets the property!

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