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Tuesday, January 27, 2009

Prepare financial breakdowns in advance

Prepare financial breakdowns in advance

Your lender or mortgage specialist can help you with this too. It is important to be able to show potential buyers what it would cost to buy your property and what their monthly payments are likely to be. Financial and cost breakdowns are important, because they should give your buyer the necessary assurance to write a contract.

Buyers often use "a lack of financial information" as an excuse for not writing a contract. Buyers are generally unprepared - so do your homework in advance.

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