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8 Comments on FAQ 10: Why do I need a pre-approval letter?
Hi Jeanne and Ralph, often I have buyers ask "I need pre-approval just to see a house?" I tell them yes, as I think to myself "I am not wasting my time if you can't get a mortgage".
HA! In my area, a written offer without a pre-qual or pre-approval letter will even be considered serious.
An agent taking the time to even write one MUST know that it will go NOWHERE.
Jeanne and Ralph, as a Buyer's Agent, I only work with those who have their pre-approval. I am from Lenn's area (see comment above) and agree with her. Thanks for a good post.
You need a preapproval letter, beacuse many folks that are out there, unfortunately can't buy for one reason or another. This is true now more than ever. Great post!
Very good information for prospective home buyers.
Have an outstanding week!
I agree with you both. A pre-approval letter makes the sellers feel better about signing an offer. Suggesting
Great Question hear it all the time even from seasoned buyers. Great answer as well!
Great post and reminder about WHAT IS important in real estate. The buyer's real buying power. Without a pre-approval letter that is current, all everyone involved with a buyer not pre-approved is wasted time and someone else's precious life.