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The Guide to Making and Accepting an Offer on a Home

How Sellers Decide on Offers

Wondering how sellers judge offers for their home? The best offer isn't always the highest one

Pre-approval

At this stage, homebuyers are pre-approved for their mortgage loan.

Full Approval

During this stage, homebuyers are fully approved for their mortgage loan.

Cash

In this stage, homebuyers pay for the home in cash and are fully approved.

How Buyers Are Affected by The Sellers Decision

Here's the home buyer process for each offer type

Crowd

Offers With Pre-Approval

  • Gain Pre-Approval
  • Sign Contract
  • Contingency Period (Home + Mortgage)
  • Get Fully Approved and Acquire Home
People Smiling

Offers With Full Approval

Zero Commitment or Cost

  • Letter of Commitment (Appraisal may be required)
  • Sign Contract and Acquire Home
People Talking

Cash Offers

  • Letter of Credit
  • Sign Contract
  • Acquire Home
Fairway Cash Guarantee

Fairway's Cash Offer Guarantee

Gain Confidence Closing. We take the stress out of the loan process and guide you every step of the way. Plus, with our commitment to fast turn times, you can rest assured your loan will close on time.

Want the Home? We Guarantee it

Get a $100 Amazon Gift Card When Fully Approved

We want to help you buy your home efficiently. With Fairway's Cash Offer Guarantee, we are so confident that we will buy the seller's home if we cannot close for a financing reason by the contracted date.

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