The housing market is HOT! Real estate listings are in short supply and the buyer demand for available homes continues to outpace the current listing inventory. The reason I mention this is because there is a lot of buyer competition when it comes to buying a home because there are more buyers than there are sellers. If you are serious about buying a home, here is a tip that will give you an advantage over other competing buyers.
Don't mess around with a home loan pre-qualification... skip that step and get a pre-approval. Put yourself in the position of the seller for a moment. If you received 3 offers on your home and all of the offers are similar in price and terms, 2 of the offers are from buyers who are only pre-qualifed and none of their income, employment, account balances have been verified. However, one of the buyers has already obtained their loan Pre-Approved and they are ready to go. If you are the seller, which offer would you accept?
When it comes to selling my personal house, I know which offer I would accept and it would be the buyer who took their time to get pre-approved for their loan. Getting pre-approved takes the guesswork out of the equation for the seller. Most sellers want to sign a contract with a buyer who has the highest probability of producing a successful sale. This is why a mortgage pre-approval trumps a pre-qualification!!!
If you have would love to purchase a home in Knox County Ohio in 2022, check out this specialized real estate listing link that contains an extensive list of available homes complete with photos and listing details of homes for sale in Knox County Ohio.
Thanks for watching!
The Sam Miller Team of REMAX Stars Realty
710 South Main Street
Mount Vernon, Ohio 43050