How to Make an Offer!

[Patrick Barker]

 There is a house in my neighborhood that has been sitting for a few months and I would like to make an offer on it, my RE agent says I need to get pre-approved for a conventional loan in order to make an official offer.  The problem is I don't think they will accept my offer right away but will come back to me later on if it doesn't sell at their price.  

How do I make an offer to let them know I am interested without going through the process and paying application fee's in order to get pre-approved?

[Ashley Pimsner]

@Patrick Barker

Another suggestion to bypass the Realtor and keep you from getting preapproved would be to write a simple letter of intent (LOI)

The LOI has been used effectively by people such as Grant Cardone who was featured on podcast #108.

A simple google search of this term will show some samples....good luck!