Reasons to get Pre-Approved

Most markets across the country are in the same boat to some degree or another with demand outpacing supply for homes on the market.  The Real Estate Market in Nevada is moving fast, with demand outpacing supply as well.  When a home comes on the market, you can be sure that a number of people are interested in it.  If a prospective has not yet done their homework and prepared for their home purchase, both mentally and financially, then the first person that HAS will likely beat them to the offer table to purchase the property.

“But I just want to look at homes. If I see something I’m interested in, then I’ll look into getting Pre-Approved for a loan.” While it may seem normal and perhaps easier, Real Estate and Lending Professionals hear this all the time and likely cringe each time.  It’s human nature to want to prioritize the fun stuff and put off the boring and difficult things as much as possible.  That being so, it just is not the most effective way to get the home you are looking for in this market.  Those that have prepared will beat you every time.  In addition, the stress that doing things last minute only adds uncertainty and frustration to the process that could be an enjoyable adventure for those who have prepared.

Buying a home is often referred to as being stressful and frustrating. However, this isn’t the case for everyone and it doesn’t have to be for you. It is a big step and can be a somewhat complicated endeavor, but it does not have to be stressful or frustrating.  As with most important things in life, buying a home takes a certain amount of energy put into proper care and appropriate planning. Once that is done, buying a home can be an enjoyable adventure for yourself or your family.