DUFFY Buyer Resource
1.1a Must read about your money to buy
WIN OFFERS WITH THE LOWEST PRICE POSSIBLE
The #1 reason Buyers do NOT win in multiple offers (with a loan) is that the seller is NOT convinced that you are a solid buyer and have your money together.
Your lender CAN cost you the opportunity to buy your perfect home.
This serious problem will require you to be very insistent with the lender you choose.
Key Questions to Ask Your Lender:
- Will you write me a simple letter stating I am approved?
- Will you get me through underwriting without an address?
- Is a buy-down worth it in my situation? (after you agree on a price you can roll closing costs or a buy down into the purchase price since the Seller’s net will not change)
Want to be even stronger?
- Include your Credit score for the seller to see HOW qualified you are
- Provide Proof of any funds towards the purchase price or appraisal escalation
If your lender CANNOT perform, find a new lender or be prepared to pay non-refundable earnest money or risk losing the home you want!
*****Upload your Proof of Buying through the Buyer Protection Timeline shared with you.
IMPORTANT: 30 Day Updates with Your Lender
Mark your calendar to call your lender every 30 days.
- Your letter for the seller needs to be dated within 30 days
- Does you lender need updated docs from you to push your loan forward quickly?
- Has anything changed with your buying power from a financial perspective?