So you’ve decided home ownership is the thing for you. It’s time to get out of this rental and get something you can call your own. Great!
“quick, always FREE, and often can be completed over the phone or online”
But, now what? First step is to call me. However, second to that is your pre-approval letter. A pre-approval letter is a written statement from a lender (bank or credit union) stating that they agree to lend you a certain amount of money for a home. This process is usually quick, always FREE, and often can be completed over the phone or online.
“The key to winning multiple offer situations is having the most attractive offer”
What makes the pre-approval letter so important? In today’s competitive market, multiple offers on homes are common, especially in the most popular price ranges. The key to winning multiple offer situations is having the most attractive offer. Take it from me, the most attractive offer is not always the highest offer. A savvy listing agent will pay close attention to each offer to make sure the potential buyer has his or her finances in order. If you have not received a pre-approval letter, you are already behind the other offers and are unlikely to be given serious consideration.
Also, the pre-approval letter lets you know your price range. It’s not fair to you to be shown houses outside your price range. Your time is valuable. Home buying should be a careful and diligent process, but a time efficient process as well. So know your budget upfront and pick the home that best serves your needs.
“It will save you a lot of hassle in the future”
Additionally, by the time you close on your new home you will have likely talked to your lender multiple times. So, go ahead and form a relationship early in the process. It will save you a lot of hassle in the future.
If you would like a list of my trusted lenders, give me a call or shoot over an email. I will be happy to help you along your first steps to homeownership.
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