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Getting pre-approved instead of just qualified is highly recommended

Reblogger Joe Jackson
Real Estate Agent with Keller Williams Capital Partners Realty 277320

Crucial advice! Getting pre-approved offers a competitive edge in the homebuying process. This blog likely explains the benefits of pre-approval and why it's a recommended step for serious buyers. 

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

Original content by Thomas Santore Lic Associate Real Estate Broker 30SA0872839 

Getting pre-approved instead of just pre-qualified is highly recommended for buyers because it shows sellers that you are a serious and qualified buyer. Pre-approval involves a more in-depth financial review, including verification of income, assets, and credit history. This gives you a more accurate idea of how much you can afford to spend on a property and strengthens your offer when competing with other offers that are just pre-qualified buyers. This gives you a stronger position in the homebuying process and a clear idea of how much can afford to spend. And can give you an advantage in a competitive real estate market in the eyes of sellers. Pre-approval also shows that you are ready and able to make an offer on a property, which can give you an advantage in a competitive market. In contrast, pre-qualification is a more basic assessment of your finances and does not carry the same weight as pre-approval when it comes to making offers on properties. Overall, getting pre-approved will give you a stronger footing in the home buying process and increase your chances of securing your dream property. 

By Thomas Santore

Local Market Report
Lic Associate Real Estate Broker
Westchester County Real Estate

Visit My Web Sites at; http://thomassantore.com
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Thomas Santore       Westchester County Real Estate
Thomas Santore
Thomas Santore
Coldwell Banker Residential Brokerage
Coldwell Banker Commercial NRT
366 Underhill Ave, Yorktown Heights NY 10598
tsan25@aol.com
845-590-5488
 Coldwell Banker Yorktown Heights NY
"Real Estate From The Ground Up"
 Westchester County Real estate, Thomas Santore,
Coldwell Banker
Coldwell Banker Yorktown Heights NY

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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Joe and great information to share with us here in the Rain.  Hope you are having a great day!

Apr 23, 2024 10:32 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hello Joe... I've always told people that the pre-qual is worth the paper it's printed on and maybe even less.

Apr 23, 2024 11:27 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Like Nina Hollander, Broker  I am on the same page pre-qual is not even worth the paper it is printed on:)Endre

Apr 23, 2024 09:42 PM