In high-paced markets like the San Francisco Bay Area, closing your real estate transaction fast can be essential to getting your offer accepted by the seller. That is why WHO you get approved with is just as essential.
At Fresh Home Loan Inc., we fully pre-approve your file, running it through the appropriate channels to get you as close to funding as possible. That way, when you are ready to write an offer, depending on the offer, we can write a 15-day close and compete with cash offers. This approach is particularly attractive in today’s market, where bidding wars and tight inventory mean buyers need to act fast to secure their dream home.
Tips for Making the Most of 15 Days Same as Cash
- Get Pre-Approved Early: Work with a lender who specializes in quick-turnaround loans.
- Organize Your Documents in Electronic Format PDFs: Have your financial paperwork ready to go, including tax returns, pay stubs, and bank statements.
- Communicate Clearly: Keep open lines of communication with your lender, agent, and seller to ensure a smooth process.
- Choose the Right Lender: Not all lenders can deliver on a 15-day timeline. Make sure to work with one that has a proven track record of fast closings.
Why 15 Days Matters in Real Estate
- Competitive Advantage: Sellers prefer cash offers or those that close quickly because they minimize risk and uncertainty. With “15 Days Same as Cash,” buyers can stand out in a crowded market.
- Faster Closings: Time is often of the essence in real estate. Whether a seller needs to move quickly or a buyer wants to lock in a great deal, speed can be a deal-maker.
- Avoiding Rate Fluctuations and Extensions: Mortgage rates can fluctuate daily. Closing in 15 days helps lock in favorable terms before market conditions shift.
Why 15 Days Matters in Real Estate
- Competitive Advantage: Sellers prefer cash offers or those that close quickly because they minimize risk and uncertainty. With “15 Days Same as Cash,” buyers can stand out in a crowded market.
- Faster Closings: Time is often of the essence in real estate. Whether a seller needs to move quickly or a buyer wants to lock in a great deal, speed can be a deal-maker.
- Avoiding Rate Fluctuations and Extensions: Mortgage rates can fluctuate daily. Closing in 15 days helps lock in favorable terms before market conditions shift.
Who Benefits From 15 Days Same as Cash?
- First-Time Buyers: Competing against seasoned investors can be tough. This option levels the playing field.
- Investors: Real estate investors who want to close quickly to secure a profitable deal can leverage this financing method.
- Real Estate Agents: Agents with clients ready to act fast can use this as a selling point to win bids and secure more listings.
- Sellers: Many sellers in this market are looking for a fast close on their property so they can move on. Often, listings are vacant and staged in order to get maximum value and multiple offers. Sellers want to recoup their money and move on. With the ‘15 Days Same as Cash’ program, you are catering to a seller’s needs, making your offer very attractive.
Parameters for the “15 Days Same as Cash”
We look at each scenario on a case-by-case basis. Ultimately, this program works best with:
- Conventional financing
- 25% down
- 740 FICO or above
- 43% debt-to-income ratio or below
Final Thoughts
In today’s fast-moving market, staying competitive is more important than ever. The “15 Days Same as Cash” model offers a way to combine the power of financing with the speed of cash, helping buyers close deals faster and with greater confidence.
Ready to take advantage of this game-changing opportunity? Reach out to a qualified lender who understands the importance of speed and efficiency in real estate. Your dream home—or your next big investment—could be just 15 days away!
For more information contact Garrick Werdmuller: https://freshhomeloan.com/schedule-a-meeting/
Garrick Werdmuller
garrick@freshhomeloan.com
1151 Harbor Bay Parkway Suite 136
Alameda CA 94502
(510) 282-5456
Socials:
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All loan approvals are conditional and not guaranteed and subject to lender review of all information. Loan is conditionally approved when lender has issued approval in writing, but until all conditions are met, loan cannot be funded. Specified rates and [products may not be available to all borrowers. Rates subject to change according to market conditions and agreed upon lock times set by borrower. Fresh Home Loan Inc. is an Equal Opportunity Mortgage Broker in California. This licensee is performing acts for which a real estate license is required. Fresh Home Loan, Inc. is licensed by the California Department of Real Estate #02137513 NMLS # 2124104
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