TOP 9 REASONS TO GET PRE-APPROVED BEFORE LOOKING AT HOMES

By
Real Estate Agent with McColly Real Estate

1.  You won't spend your hard earned money on a home inspection and an appraisal ($250-$550 or more that is NOT refundable if you don't get the home or your loan is turned down)

2.  The seller will take your offer to purchase thier home more seriously.

3.  You won't be on the street after giving your landlord notice.

4.  Your anxiety level will be lower and you can look forward to the move.

5.  The sellers may be more negotiable knowing you can close within a short period of time.

6.  You won't lose your "dream home" to another buyer because they have a pre-approval letter and you don't.

7.  You have a better chance of winning in a multiple offer situation.

8.  You won't ruin a families moving plans or your own moving plans.

9.  You won't be disappointed by the homes in your price range because you did not first go out and look at homes above the range you are looking in.  (Very important).  If you start out by looking at homes in the price range you think you should be looing in and find our that range is too high, all the homes in the lesser price range will be disappointing to you.

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Rainer
62,465
Bart Whitmore
Keller Williams- Louisville - Louisville, KY
Real Estate Agent

Megan, you give some very good reasons to be pre approved thanks--Bart

May 10, 2008 08:51 AM #1
Rainmaker
482,687
Steve Glose
Keller Williams Classic Group - Orlando, FL
TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla

these are some great tips. I wish all buyers realized the importance of getting pre-qualified before starting to look for a home.

May 10, 2008 01:25 PM #2
Ambassador
2,469,502
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in 2018!

Much has changed since you last posted to ActiveRain.  I encourage you to take another look at the website.  

  Best to you!

Apr 18, 2018 08:44 PM #3
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Rainer
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Megan Foley

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