Many times a day I am asked why or if it’s important or necessary to be pre-approved. My answer is always the same, YES it is important to be pre approved. Throughout this article I will stress the main reasons I feel it is not only important but necessary to be pre approved before looking at properties.
The first reason to be pre approved is so you don’t waste time looking at homes you will not qualify to purchase. If you only qualify for $100,000 dollars, it doesn’t do much good to start looking for homes that cost $150,000 because you will not be able to purchase them anyways. This seems like common sense to many of you but I have seen it way more than I want to.
Another reason to get pre approved is sellers will take you more seriously. When I submit your offer to the seller I will also send in your pre approval letter stating that you are pre approved and ready to buy. This tells the seller he has a serious offer with a buyer that is already pre approved for the offer amount.
Another reason it is important to be pre approved is during the pre approval process the lender may find minor items that need to be fixed. By being pre approved prior to writing an offer you have time to fix any glitches in your credit or debt to income ratio. This could be the difference between you losing your earnest money and not being able to purchase the home or you being able to fix any problems that arise and still being able to purchase.
Finally, in today’s market environment, everyone is looking for the “best deal”. There are many homes that may fall in this category. However, the absolute “BEST DEALS” will only be on the market for a very short time, in some cases, less than a day. Therefore if you fall in love with your Dream Home, you must be prepared to BUY IT or someone else will.
Well there you have it. Always get pre approved before looking for a home. If you have any real estate questions or questions about being pre approved please call me at (614) 707-6570
RE/MAX agents average more sales than other real estate agents. They are better qualified to set the right price for the homes they list, better equipped to market those homes, and likely to find clients engaged in the home-buying process in a shorter period of time. That experience and education also means they are better qualified to find the right home for any buyer. The home-buying process can be a daunting task. But with the expertise of a RE/MAX agent, buyers can rest easy.
I specialize in helping buyers and sellers achieve their real estate goals in the Central Ohio area including but not limited to Columbus, Pickerington, Reynoldsburg, Pataskala, Canal Winchester, and the surrounding areas. Call me today - (614) 707-6570
| 
RSS Blog Feed