If you’re in the market for a home on the Cape, a current pre-approval letter is essential to your success (or proof of funds if you are paying cash). An offer is incomplete without one of these documents and will not be taken seriously by the Seller. If your pre-approval letter is more than 30 days old, you would be wise to get it updated. Rules have changed and Sellers don’t want to take chances. Before you go shopping, contact your Lender for an updated pre-approval. If you don’t have a lender, contact Dave Gravelle at Merrimack Mortgage. He’d be happy to help you out.
Buying a Cape Cod Home in a Seller’s Market
If you receive our monthly newsletter, you already know we’ve been in somewhat of a Seller’s market for nearly a year now. But that doesn’t