Special offer

The Importance of Being Pre-Approved

By
Real Estate Agent with Century 21 Simpson Realty

The news about the real estate market isn't exactly rosy these days. Buyers have job loss, a poor economy, and tightened lending practices to worry about. Sellers are stressed and want their homes to sell. While no one can controll all of these issues, one of the best things a buyer can do in today's market is get pre-approved.

Some agents claim that they will not show anyone property unless they are pre-approved. Getting pre-approved also gives you a clear idea of how much you can/want to spend. It does no good to look at $150,000 - $175,000 homes and like homes in that price range only to find out that you can only afford a home in a price range $50,000 less than what you were looking in - now you're back at the beginning and you've lost all that time. When you do find a home in the price range you're pre-approved for and feel comfortable making an offer you can include your pre-approval letter with the offer - sellers like to see this!

While it isn't the most exciting process you'll go through, it's definitely one of the smartest steps you can take at the beginning of your search for the right real estate for you.

Comments (1)

Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Hi, Lori

             We invite you back to ActiveRain.  Log in, leave some comments, write a blog post!  

Oct 27, 2017 08:00 PM