GET PRE-APPROVED
I'm Terry Whiteley a Coldwell Banker United Realtor in Tyler Texas. I want to talk to the HOME BUYERS out there. Initially,during the HOME BUYING PROCESS we sit down in a relaxed friendly supportive environment. That's because I am not selling anything. My mission or goal is build rapport with you so I can determine interest and needs. Plus I want to determine if you are motivated or just looking. Because you have choices it's important for you to know that sometimes we represent sellers and sometimes we represent BUYERS. Therefore, I will take the time to explain information about brokerage services. As the BUYER my very next question will be "... do you know how much ($$$) you are PRE-APPROVED for? Or said differently do you have a PRE-APPROVAL letter from your bank? Unfortunately, many FIRST TIME HOME BUYERS look at me with blank expressions because they don't understand the HOMEBUYING PROCESS. On the flip side many experienced buyers can produce the needed documentation. If you are a FIRST TIME HOME BUYER this is where I pause then ask "would you like to hear more"?
IMPORTANCE OF PRE-APPROVAL LETTERS
There are several good reasons why a PRE-APPROVAL letter is important. First, it's a time saver!!! It saves both of us time because now we can focus on which homes to target. It lets me know if you are really motivated or just looking. Secondly, it will shield you from potential embarassment especially if you fall in love with a home that is beyond your financial means. Third, it speeds up the HOUSE HUNTING PROCESS. Fourth, we can write a contract together which SELLERS will take serious because they know you have the money to back up your offer. This is another time saver as this enables and speeds up the CLOSING PROCESS which recently has been hammered as lenders struggle to get loans through the underwriters in a timely fashion. Like it or not lenders are taking 2 - 4 weeks longer. That's why PRE-APPROVALS are important. Finally, if there is a credit issue it gives lenders time to find potential problems before they arise.
IT'S A MATTER OF SELECTING THE RIGHT AGENT Make PRE-APPROVAL your first step before you seriously take the family house hunting. Select an agent who will counsel and be an advocate for you. In TYLER if you need assistance with the PRE-APPROVAL PROCESS call me, TERRY WHITELEY- 903-245-6784. I and COLDWELL BANKER UNITED REALTORS can help you get that process started.
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