South Surrey/White Rock Real Estate
During current market conditions, with many multiple offer situations on homes, sellers will only consider offers where the buyers can produce documentation from there broker or finance company to confirm they have a Mortgage Pre-Approval.
A number of finance companies, will not review a buyer’s income or downpayment documents, until after a offer is in place.
Solution: work with an experienced Mortgage Broker, or ensure your finance company provides you a mortgage approval in writing before you start the process of looking for a home.
The seller will take your offer more seriously, and maybe even at a lessor price.