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Tips for writing offers this holiday season

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If you are writing an offer on a home this holiday season, there are a few things to keep in mind...

First and foremost - give yourself a lot of time. Unnecessary rushes put a so much pressure on a file that it can almost collapse it. Lawyers usually need 10 business days to prepare your documents so be sure that they have the complete file with plenty of time. Mortgage Brokers are usually available with extended hours however the banks they deal with will be closed. Remember that they are usually still receiving files during that time so they also have to deal with a backlog when they re-open. Insurance companies, Appraisers  and Inspectors are typically closed for a few days during the holidays as well. 

If you need a pre-authorized debit form or certified cheque from your bank, you will want to do that as soon as possible as well. 

If your down payment is coming from a refinance (or the equity in your current home), this will take a while as well. Refinances are typically at least 3 weeks so you will want to have that set up before you write an offer if you can. 

Closing dates that fall on a holiday or weekend could cause some delays. If your "subjects" fall in these days, remember that they will likely need to be complete on the last business day. 

Lastly, take some time to enjoy the holidays!

www.christinebuemann.com 
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