1. Save time & frustration by looking at the “right” homes. Narrowing down your search to focus on homes you can afford will help you and your realtor find the best home for you. Also, it will save frustration and heartbreak by not looking at homes that are not in your price range. Be sure to let your realtor know to stay in a specific price range and not waste time sending you info on homes not in your range.
2. Negotiation Power !! When you do make your offer, you can be confident that your offer will be looked at if the seller knows that your serious. If you & your realtor can present a solid offer…it will go a long way with the sellers.
3. Faster Closing ! Because you have already got the ball rolling on the finance, the bank can order the appraisal sooner. That means you may not have to wait and be able to close sooner. This could also be considered a negotiating tool.
Good luck and Happy Home Hunting !