In today’s Bay Area market, most buyers get comfortable that they can - and should - waive the financing contingency when submitting offers. Here’s why: today, mortgage lenders do the bulk of the work to evaluate buyer’s creditworthiness before buyers submit offers on homes. This is evident in the pre-approval process: prospective buyers submit exhaustive personal and financial information to lenders in order to allow lenders to evaluate their creditworthiness and issue a pre-approval letter. The process can often take time, but the result is a robust pre-approval letter that should give buyers a high degree of confidence that financing is available to them on the terms and conditions set by a bank or other lender, all before the buyer submits her first bit. And in turn, when buyers are confident about their financing picture, they should feel more comfortable waiving a financing contingency in their written offer. Of course, a pre-approval letter doesn’t absolutely guarantee that a given loan will be available at closing, but in our experience, robust pre-approvals from reputable lenders can generally be relied upon with confidence.