Ordering the Appraisal ASAP - Make Your Offer More Competitive
Channel: Living in Boston & the Burbs by Jeffrey Chubb
Date: 2021-03-27

Ordering the Appraisal immediately is a way that can help differentiate your offer and make it more competitive in hot seller's market. 

What you want to do is order the appraisal right when the property goes under agreement. This will do two things for the seller. 1) It will show that you are committed to buying this house and are willing to invest in the home purchase right away (An appraisal costs money!) and 2) It will help speed along the mortgage process thereby eliminating some risk that a mortgage commitment extends late in the transaction. 

A mortgage commitment is ultimately one of a seller's biggest risks. A seller can't truly feel secure in their house being sold until the buyer has been approved for financing (This is if the buyer is getting a mortgage of course). 

https://www.boston2.com/blog/how-can-i-make-my-offer-more-competitive-the-buying-power-checklist/

Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty