If you’re a buyer in our market, you must have your finances in order.
What’s the latest news from our real estate market?
Before I answer that question, let me preface it by saying that I have what you’d call a very outgoing personality: I’m loud, happy, and smile a ton. Lately though, with everything that’s going on in the world, I’ve been a little more reserved because I know there are a ton of people out there who are in a tough place. I also don’t want to not be a beacon of light for you or anyone else willing to take a few minutes out of their day to watch my videos.
In other words, I understand that many things are going wrong across the globe, but there’s good news in the real estate industry, and that’s where I shine. Real estate is in a great place here in Arizona. Conditions are phenomenal for buyers and sellers, and that’s okay—let there be some good news!
That being said, if you’re a buyer, there is a lot of preparation you need to go through if you want to get the home you want, and you need to make sure you have your finances set.
“Conditions are phenomenal for buyers and sellers.”
If you plan on paying cash, that’s great. It also means you’ll need a proof of funds, which is presented in one of two ways. The first is through a letter from your bank, and the other is through an account statement (with the account numbers blacked out) that you present to the seller.
If you’re getting a loan to purchase, you need a perfect pre-qualification letter that checks “yes” in every applicable box. In our market, sellers have many choices, so they’ll look at the choice that’s most sound and will get them to a successful closing. If you don’t already have a lender who can help you get pre-qualified, I’d be happy to refer you to a few.
If you have any questions about this topic or there’s anything else I can help you with, don’t hesitate to reach out to me. My team and I are here with you every step of the way. Talk to you soon!
