Homebuyers have a lot of decisions to make. The home buying process is often dependent on quite a few other people. For example, Homebuyers not only need to rely on a real estate agent to find them a new home but they may need a mortgage lender as well.
It’s no secret that with the home buying process comes some stress, and one of the biggest factors is arranging the finances. Once you’ve reached the decision to buy a home you want to get into your new home as quickly as possible right?
I was so honored to receive the “Speed to Close” award from United Wholesale Mortgage recently and also inspired to share the many advantages that come along with a quick closing.
Traditionally it can take several days to arrange for a mortgage and then wait for the approval. This usually leads home buyers to opt for a longer closing date. They need the time to get their finances approved so they know what funds they have available to make their home purchase with.
A home buyer can now go with a lender that can provide a quick closing by making sure the funds have been approved faster. This removes the uncertainties for the buyer, who now has peace of mind that they can make their move much faster with a shorter closing date.
Usually, as soon as a home owner puts their house on the market, they start home shopping immediately. If they find a home that is perfect for them, then they want to be able to make an offer. If they don’t have a quick closing on the home they are selling, they may not be in a position to go firm with an offer.
This creates a big risk that the house they want may go to someone else. A lot of sellers appreciate a quick closing so they can get on with their home buying plans. They may be more prone to accepting an offer that has a quick closing.
There are a few different situations homebuyers can encounter that make having a quick closing even more ideal than usual or even necessary. Anyone who is:
Anyone that is going to buy a home or needs a mortgage should look closely at what advantages a quick closing will offer them.
A quick closing is becoming increasingly popular and the importance of it is being recognized in the industry. Especially if you’re in a situation that requires a quick closing, contact me today at 480-313-7103.