Education
This episode covers the financing contingency, which is what you ask for in your offer if you need to get a loan to buy the property. It basically means that if you cannot get a loan, you can terminate and get your earnest money back. As long as you follow the details of the contract. Financing contingencies are very common since most buyers need to get a mortgage to buy a property. However, there are steps you can take to fully prepare yourself for the loan process, reduce the contingency period, and make the seller feel confident that your loan will be approved. All of which increase the chances that your offer will be accepted. The best thing you can probably do is get fully approved by a lender before you even make an offer. Thanks for listening. RateThisPodcast.com/stateofreality If you like what you heard and want to see more, here are my social media links: Facebook: D. J. Stavropoulos Homes facebook.com/d.j.stavropoulos.homes Instagram: D. J. Stavropoulos Homes instagram.com/djstavropoulos.homes/ Pinterest: D. J. Stavropoulos Homes Pinterest.com/djstavropoulos2270 YouTube: D. J. Stavropoulos Homes https://www.youtube.com/channel/UCki6Zx9R6oBNUovPhVDdRvg?view_as=subscriber Twitter: D. J. Stavropoulos Twitter.com/djstavropoulos LinkedIn: D. J. Stavropoulos Linkedin.com/in/djstavropoulos --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/stateofreality/message