When you are ready to purchase a home, it makes sense to negotiate from the strongest position possible. In a strong real estate market, sellers can be more selective, as it’s common for a home seller to receive multiple offers on their property. As the buyer, there are certain aspects that can ultimately increase the chances of the seller accepting your offer.

A large majority of home buyers go about the process of home financing without the seller in mind. Put yourself at an advantage by understanding the seller’s perspective. If you were the seller, would you accept an offer with a certificate of financing approval or one that was still conditional on financing? The answer is quite simple and when the home search gets competitive this can be extremely advantageous.

Why then, do so many buyers wait to begin financing only after they have found the home? Well-qualified buyers do not worry about receiving approval for a mortgage. They may be correct not to worry, but they should still acquire one early. Without a certificate of financing approval, the seller has no confirmation of mortgage approval.

Start the financing process early.

There is also the cost saving perspective to consider. Approaching financing early will give you a better understanding on interest rates, estimates and closing cost. If you do this before finding a home, you’re not under any time constraints and are less likely to over pay.

If you’re serious about your Edmonton, Alberta real estate search, begin by getting pre-approved for a mortgage. Complete the form provided below and we will forward your information to one of our preferred mortgage professionals. Once they receive your information, they will assist you in locating the absolute best mortgage rate and lowest closing costs possible.