Will cash help secure a buyer's offer?

Prepare in Advance When Purchasing a Home.

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• By Nancy Smith
• Qualicum Beach REALTOR®
• Published: Oct 17th, 2020 at 6:04 pm

Cash is only one aspect of a good leveraged deal, and pre-approval for a mortgage can also give an advantage, like cash. Most importantly, know what you need to buy, and be sure you have all your ducks in a row, so that you can go for a fast close if necessary. Be ready. Have your professionals like building inspectors, septic inspectors, insurance agent, and mortgage broker on speed dial. You should also present the cleanest offer possible, with as few subject clauses. Be flexible with dates, offer the seller dates that works for their needs. Sometimes a bully offer will put you in front of the pack, but usually you need to see the value in the property and offer more than asking. However, if you have a knowledgeable Realtor, they will give you the best advice on location, location and location. A great price on a home in a lousy location, is not necessarily a deal. Have a reliable building contractor available, to give information if you need construction or renovation work. Generally speaking of course, the person who does their homework will be ready to jump on a deal in any buyer or seller's market.