Credit promise vs. signing the notarial deed of purchase

A credit promise is an official paper from the bank saying: 'Yes, we will lend you this money'. It is your most important weapon before visiting the notary. With a promise in hand, you become a credible and desirable client, almost on par with a cash buyer. Sellers value reliable buyers, which gives you a massive negotiation advantage. When discussing the price face-to-face with the seller (without the involvement of brokers), your documented ability to pay is an ace up your sleeve that allows you to secure significant discounts.