Submitting a winning offer

I'd try to make it look like you're going to be an easy board acceptance -- that means attaching the source of your down payment and a pre-qualifying letter from your mortgage broker, for the level you're offering on that particular apartment.

If you are at the same price point as other bidders you will simply advance to round #2, but the seller will note your preparedness and it should be a point in your favor throughout the process.

ali r.
{downtown broker}

Also, include a summary of your financials (your broker--if you have one--will help you put that together), offer to waive any mortgage contingency clauses if you are comfortable doing so, and offer to agree to a short or long closing date if the seller has a preference. You want to come across as highly qualified financially and as people who want this deal to happen smoothly.

In addition to the other good ideas you could offer an all cash closing - assuming you have the financial capability to do so.

do not offer to waive a mortgage contingency, unless you can pay for the home in cash. if you can't then don't the mortgage market is constantly changing and you could easily be out your deposit. that is terrible advice. you can show a prequal letter, however, if you have your own broker they will provide the proper package for you. if you are going through seller broker (see if it is a full price offer?, if not consider raising your price) secondly, see if the other offer is represented by a broker (co-broker), they hate to split commissions

thank you

I didn't advise the OP to waive the mortgage contingency. I said consider it if he/she is comfortable doing so which obviously means the OP's particular financial situation renders the risk acceptable (i.e. OP could still go through with purchase if no financing were available). Obviously, unless you have 10% of purchase to throw away, you can't waive the financing contingency if you aren't able to proceed should financing somehow not be available. Duh. Sorry I wasn't clearer. I guess if we are being obvious here, no contract should be signed without legal counsel and due diligence.

I hate to keep harping on the way the world should be versus the way it probably is, but technically, the broker is not allowed to prefer one customer over another because one represents a full commission and one represents a half.

For one thing, the seller is the person who picks the offer, and for another -- I know I may be an idealist here -- the broker is not supposed to put their thumb on the scale while talking to the seller.

ali r.
{downtown broker}

front- get real, its a commission business, when i bought my first home, there was another offer on the table, and it was a co-broker, i went through the sellers broker, no split, guess what my offer stuck, the other offer was rejected the broker was able to convince the owner that the other was not sound. you go figure it out. its 6% versus 3%- i guess the finger is on the scale.