Wei Min cited in Negotiating Mistakes Of Buyers And Their Brokers

Posted by Wei Min Tan on October 30, 2017

Publication:  Brick Underground


Summary:  Brokers weigh in on mistakes that buyers and their brokers make when negotiating a property.


Wei Min’s comments in article:  

6.  Don’t forget to write a property offer letter.

It communicates a lot more sincerity if it’s a written letter that takes time to delineate the points supporting the offer,” says Wei Min Tan of the Castle Avenue team at Rutenberg. But it’s not just about the letter “You should include a pre-approval letter from the bank, too, if you’re financing. It gives the seller a sense of comfort. Also, make sure you’re including the standard REBNY financial statement that you submit with the offer letter.” And, if the buyer is buying all cash, Tan suggests presenting a proof of funds/bank statements that show the buyer has the right amount money in the bank.

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About Wei Min

  • Focuses on investors of Manhattan condominiums, interviewed by CNBC, CNN, Wall Street Journal, New York Times
  • Ex-Citibanker, managed $500 million portfolio
  • MBA, University of Illinois at Urbana-Champaign
  • Manhattan resident since 1999. Currently lives in Tribeca with wife and 2 kids
  • 352 burpees in 23 minutes, student of muay thai kickboxing

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