Can you write an offer with a 3% down payment?
Cash guarantee program - and how it works
How is it possible that 33.4% of homebuyers are writing cash offers, as of this most recent Redfin report? Where is all this cash coming from??
Also, Milwaukee new listings are down 23.5% compared to last year according to this most recent report from MLS.
That means competition is fierce in certain markets and price points, and you want to make sure you are using every tool at your disposal.
So, if you are serious about buying a house this year, how can you position yourself to beat out dozens of other competing buyers?
Over the last year, Fairway has helped 540 homebuyers get offers accepted with our Cash Guarantee program - and here's the background:
- Fairway is so confident in our process, we will guarantee to the seller that we will close on time. If we don't, Fairway will pay our own cash for the house.
- This means, as a buyer, you can choose to WAIVE the financing contingency, meaning, your offer would not be contingent upon obtaining a mortgage - because you basically already have! You can write "N/A" on the line.
- If we, Fairway, cannot produce a loan on time, then Fairway will pay for the house with our own money. Let me put this another way, if you accept our offer, someone will be buying your house on closing day, no matter what.
-
So, you've dropped the financing contingency, what else can you drop to make your offer more attractive? I've recently spoken about the power of the appraisal gap guarantee, which you can read about here.
Questions? You can always text me at 414-488-0438
Contact Me
Can't wait to help you finance your new home. I service Southeast Wisconsin and beyond!
Contact Us
By entering your contact information, you are providing express written consent for Fairway Independent Mortgage Corporation to contact you at the email and number you provided via telephone, mobile device, automated means like autodialing, text SMS/MMS and pre-recorded messages, even if you are registered on a corporate, state, or federal Do Not Call list. You are also acknowledging and agreeing to our terms of service and privacy policy. Consent is not required to use our services.