What do I mean by, “satisfying the seller”?
a. The Problem: Buyers finding a home and wanting to place an offer WITHOUT having a proof of funds or mortgage pre-approval
b. The Reality: When you are asking a seller to accept your offer, you’re really asking them commit to working with you and for them to stop marketing their property.
c. Sellers are like you, they don’t want to make a mistake! So…
d. Demonstrating that you have your finances in order will help the seller trust that you can get the deal done. In other words, despite the inherent risk associated with working with someone they don’t know they will want to do business with you because you are a safe bet.
To summarize the key point: Get your finances in place so you are prepared to make an offer that a seller WANTS to say yes to.