Tip 5: Financing Contingency- Why a financing contingency looks bad to the seller

Learn why a financing contingency can weaken your offer and how to avoid it. A financing contingency signals to the seller that your financing might fail or that you are not fully committed to the purchase. To present a stronger offer, ensure you have an underwritten pre-approval before making your offer, allowing you to waive the financing contingency.

Key Takeaways:

• Explanation of financing contingencies and their impact on offers.
• Importance of having an underwritten pre-approval.
• Strategy for waiving financing contingencies to strengthen your offer.

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