Previously, I talked about how difficult it can be to get your offer accepted on a home you love. This is due to low inventory in the marketplace and high buyer demand.
I told you about two strategies you should use: an earnest money deposit, and writing a clean offer.
Here’s another simple yet really effective strategy to help give you the edge over the competition when trying to get that dream home you’ve been waiting for: Use a local lender.
Keep it local
Look, there’s nothing wrong with choosing Wells Fargo, Citibank, Bank of America, or any of these larger lending institutions. They didn’t get where they are by not doing loans. But in today’s market, you’re looking for every advantage you can get. And one of those advantages is using a local lender.
Why is that important? Because as a listing agent, aka someone who lists a lot of homes, when I have 10 offers, all of them being equal except one or two of them are using a local lender, you know what that allows me to do? I can pick up the phone and call that local lender, who would love to earn my business. It’s not an 800 number where I reach somebody in Kentucky or Miami or wherever. It’s somebody down the street who wants to do a good job, because if they do, they know they have a chance of earning my business.
Additionally, most local lenders will go further down the approval process before actually issuing you that letter of approval for a loan. Meaning, they’ll verify a tax return, they’ll look at pay stubs, they’ll do that extra work up front because they don’t want to get 20 days in and find out you really aren’t qualified to buy the home.
Contact me directly for more info
Choosing a great local lender is just one more effective strategy to help you get the edge on the competition, and get you into your dream home sooner. I’ve got more, and I’m going to share those with you in upcoming posts. These are strategies that very few agents in the marketplace know about, but I’m happy to tell you about them!
If you don’t want to wait for a future post, feel free to call me at (559) 708-8768. That’s my direct cell phone number. You can call me on it, or email me at Jason@fresyes.com. I know I can help.
I love where I live, and I also love what I do. I'm lucky to be able to work in a profession in which I get to build relationships; one that has me meeting new people each and every day and helping them to build new lives in my beloved city. I'm lucky enough to work in a profession in which I can marry cutting-edge technologies and marketing techniques to good, old-fashioned, nose-to-the-grindstone work. I am lucky enough to work in a profession that allows me to work as an advocate for my clients; to use every tool at my disposal to get a job done well for them, and with as little stress and expense as possible.
I love my city. I love my job. One inspires my excellence for the other.
Fresno? I say FresYES
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