Demonstrate your financial strength

Cash is best, of course. But if you are financing, the pecking order in terms of buyer financing (from an ability to conclude the transaction) is this:

1. Large down payment, conventional financing.
2. 20 percent down payment, conventional financing.
3. Minimal down payment, VA or FHA financing
4. Seller financing

Other ways to put your best financial foot forward are:

• Include a preapproval letter, not a prequalification letter with the offer.
• Include a check with the purchase agreement.

Make the earnest money check substantial.