Dated: 11/04/2013

Views: 396

For those of you that may have your offer being looked over and not being the one selected on that property you really want do not give up! The program certainly is less desirable at face value for a listing agent than a  non FHA purchase such as a Conventional or Cash offer.  The key thought from most of these agents with some truth as there are typically lower down payments and Earnest money deposits, credit scores are typically lower and the appraisal process is a bit stricter on what will be allowed to pass with regard to the condition of the property.   However, for those FHA purchasers and Agents that stay aggressive when looking and increase the Earnest money deposits for those offers the agents may take a second look at your offer and if the price is comparable then you may have better shot.  But regardless, just go to the next home that meets your needs and make that offer….it will take more offers to finally get one accepted but in the end you’ll be in a home that you love and meets your needs…That is if you don’t’ give up! The next strategy that you can employ…is to get LOAN FIRST approval with Joe Lucas at Mclean Mortgage….With this approval through FHA we have your Verification of Employment, Tax transcripts, SS# verifications ordered and your file is 100% underwritten and approved subject to a ratified sales contract, and appraisal and Title work.  What that means is you can write an offer that can close in less than 2 weeks from ratification..meaning you can close just about as quickly as a Cash deal and certainly faster than a conventional deal from a lender that does not have Loan First!! 

Want to Advertise on this Site?

Latest Blog Posts

Home Prices The Difference Five Years Makes

Home Prices: The Difference 5 Years MakesCoreLogic recently released their Home Price Index Report. One of the key indicators used in the report to determine the health of the housing

Read More

If You Are Thinking Of Selling You Must Act Now

If You Are Thinking of Selling You Must Act NOW!If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below;

Read More

Is Buying A Home Really More Stressful Than Planning A Wedding

Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC]Some Highlights: According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that

Read More

Almost New Townhouse Near Future Ashburn Metro

22634 Cambridgeport Square$549,999 Townhouse 4 Beds, 3 Baths, 2 Half Baths, Ashburn Open House Sun 01:00:00 PM - 04:00:00 PMOpen House! Sun 01:00:00 PM - 04:00:00 PM FIRST OPEN HOUSE!

Read More