I had an old friend call me the other day. She isn’t local and she isn’t an Escondido homebuyer. Nevertheless, she wanted my advice because she was ready to put an offer on a home in another part of the United States. This friend had done all of her research and wanted to write an offer immediately. But, she hadn’t been pre-qualified by a lender. Actually, she had been pre-qualified a few years back, but she hadn’t been pre-qualified lately.
Whether you are an Escondido homebuyer or a homebuyer in another part of the United States, you need to obtain pre-qualification (or even pre-approval) from a lender before shopping for homes for sale or before writing an offer. Of course, that’s not the case if you are paying cash for the property that you want to purchase.
A pre-approval or pre-qualification from two years ago is not going to do the trick when you are buying that home in Escondido or San Marcos. Lender programs and guidelines change all the time. Additionally, a buyer’s personal financial situation is always changing as well. Both of these factors make it necessary to continually be updating that pre-qualification or that pre-approval.
Your local Escondido Realtor® can provide you with the names of some professional lenders whose programs may meet your personal needs. Since agents are constantly working with lenders to get deals closed, a real estate agent is a great source for a lender referral.
Once you have been pre-qualified or pre-approved, then it is time to begin exploring properties available for sale. Below is an interactive map of properties available for sale in Escondido. If you see anything you like or that catches your eye, please do not hesitate to contact me. And, if you have not yet selected a lender, I’d be happy to give you a list of lender referrals in Escondido, San Marcos, and beyond.
Comments(6)