Why Do I Need A Preapproval

Dated: 05/30/2012

Views: 2096

Has an agent ever told you that you needed to get pre-approved before looking at any property? What did it make you think? Please do not misunderstand; Realtors have your best interest at heart when they ask you this.

You go looking and find your perfect dream home. You go to a lender to get your loan and find out that that home does not fit into your budget. Now you are broken hearted because you cannot buy the home you just fell in love with and no other home will do now.

Sellers require a pre-approval letter accompany all offers now. They want to know that you are serious about buying a home. You could lose the home you want to buy while waiting to get pre-approved. Why not just get it out of the way to start with and then you know what price range fits into your budget and fall in love with the right home for you.

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Carolann Newton

I was a domestic paralegal for 8 years prior to Real Estate. Since I have been in Real Estate I have grown to love this business, even though it does have it's challenges; it is very exciting. There i....

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