Beachfront Realty
18205 Biscayne Boulevard
Suite 2205
Aventura, FL 33160
P: 786-317-4889
F: 305-933-1240
simon@
bellagioproperties.com
Being pre-approved, not just pre-qualified can put you in the strongest negotiating position
possible. Obtain a full approval from a lender, conditioned only upon a contract and satisfactory
appraisal. This differs from a pre-qualification in that the information submitted to the lender is
verified and underwritten. We've seen pre-approval make the difference many times when
multiple offers are submitted on a property, even if that pre-approved buyer was offering less
money for the home. A seller will feel much more comfortable knowing that financing will not be
an issue and that their property can be taken off the market with confidence. Pre-approval can
be obtained in a matter of hours (in some cases a few days) and is a powerful weapon all
buyers should have at the negotiating table.
Wait for the sale before you buy:
If you have a property to sell, make sure it is sold before selecting a purchase. Contingency
contracts rarely work in this market and leave a huge margin for error. At least get a contract
on your current property, so you can make the contingency on the close, not the sale. Chances
are, If you do make a contingency offer, you'll likely end up paying more for the property than
without one and feel pressured to accept a lower price for your current home. This can end up
costing you tens of thousands of dollars. You are much better off selling your current property
first.
Don't waste your time calling Real Estate advertisements:
A large portion of real estate ads are produced solely to make the phone ring and produce a
fresh lead. Most calls generated by these types of ads are from unrepresented prospects. A
realtors dream! Also, remember the agent who wrote the ad represents the seller, not you. A
buyer's agent will take a neutral standpoint with an eye toward how well it meets your needs,
pointing out any drawbacks you should know about. Homes that are sold without a sign ever
going up or an ad ever placed are great examples of the power of a buyer's agent.
