If you are selling a home in today’s market you should now know that the buyer can purchase the property by getting a loan with a very low interest rate. This can be a key factor in your advertising. If you have not yet contacted a Mortgage company you may want to consider it. Why? Most mortgage companies will complete specifics of the buyer’s downpayment, closing costs and monthly payments. Although it will not be specific to the individual buyer the general concept will give the buyer a better idea of what is needed for cash and payments when previewing your property. This will be a visual aid that may cause the buyer to see the property as one they can acutally own. Most mortgage companies will do this as a free service. They do it in hopes the buyer will call them for the loan.
Once the buyer contacts a mortgage company the loan officer can be specific to their needs for the purchase. The loan officer will also supply you as the seller a letter of quailification for the buyer so that you know prior to taking the property off the market that the buyer can perform on the sales contract.
