When you list your condo or single-family residence (SFR) with pre-approval, you not only enhance the marketability of your property but also offer substantial benefits to potential buyers. Here are some key advantages:
Borrower Savings:
- HOA Paid Association Fee by Investor: Enjoy significant savings ranging from $200 to $600 when investors cover the HOA fees.
- Free Appraisal: Take advantage of a free appraisal when you work with Tag Lending Group, easing your financial burden.
- 1% Give Back: Receive 1% of the loan amount as a lender credit towards your closing costs, further reducing your expenses.
- Combine Savings: Combine our 1% program with our new 0% down program, providing up to $15,000 in savings.
Pre-Underwriting Streamlined Process:
- Faster Approvals: Our in-house underwriting team ensures a quicker and smoother approval process, getting your property market-ready in no time.
- Critical Repairs Check: Verify that no special assessments are categorized as critical repairs, avoiding surprises for buyers.
- Maintenance Confirmation: Ensure there is no ongoing deferred maintenance, presenting a well-maintained property.
- Occupancy and Liquidity Requirements: Confirm the condo meets the 51% occupancy and 10% liquidity requirements, essential for loan approval.
- Litigation-Free: Verify that the condo is not involved in any litigation, providing peace of mind to potential buyers.
- Certification Check: Ensure the HOA has its 40-50 year certifications, if applicable, ensuring long-term structural integrity.
Control the Deal: By understanding all condo details upfront, you gain an advantage in controlling the deal, making the transaction smoother and more attractive to buyers.
How It Works
1. Engage Early
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- Start the process by engaging with our team as early as possible. Early engagement sets the stage for a seamless approval process.
2. Request an AVM
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- Request an Automated Valuation Model (AVM) to get an accurate estimate of your property’s value.
3. Request an Open House Flyer
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- Obtain an open house flyer to market your pre-approved property effectively to potential buyers.
4. Pre-Underwriting
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- Get your property or condo approved with our in-house underwriters, ensuring all aspects meet the necessary requirements.
5. Enhance Marketability
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- Present potential buyers with an attractive, pre-approved property ready for purchase. This not only speeds up the buying process but also generates buyer leads, increasing your chances of a successful sale.
Make Your Property Stand Out with Pre-Approval
Listing your condo or SFR with pre-approval from Tag Lending Group not only saves money but also provides a strategic advantage in a competitive market. Engage with us early, streamline the approval process, and present a market-ready, attractive property to potential buyers. Contact us today to get started and enjoy the myriad benefits of pre-listing approval!
The Benefits of TBD Approvals for Condo and SFR Listings
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Unlocking Real Estate Success:
Tag Lending Group's Client Funnel Retention Program
In this dynamic video, we break down the essential components of our intake form and showcase how it empowers you to understand your return on investment, lead sources, and client demographics. Discover how we harness this data to fine-tune your marketing strategy and drive impressive results.🏠🔑
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