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.