Our partner agent Tyson Robinson recently posted in our Inland Empire forums about his recent client’s successful offer with an FHA loan. Tyson was even able to get his clients money back for closing costs. Way to go Tyson! Every situation is different and your mileage may vary, but check out Tyson’s tips below for how to put your best foot forward with FHA financing.
Redfin Partner Agent’s Tips for Making a Successful FHA Offer
- Be ready: In addition to knowing what you want and where you’re looking to live, you need to have all your ducks in a row. Make sure your pre-approval, proof of funds, earnest money deposit, and credit score documentation are finalized. Put them all together in case your agent needs them with the offer.
- Be quick: That often means making an offer the very same day the home is listed. The goal is to move first and get get your offer accepted by the listing agent before other buyers have a chance to react.
- Be strong up front: Your goal is to get your first offer accepted. If you want to be quick (see above) there’s no time for counters. So lead with your best offer for that home.
Is anyone else who’s had success with an FHA offer willing to share his/her tips and tricks?
Best of luck to all the FHA buyers out there!