Posted in Mortgage & Finance

The beauty of been pre-approved

I know you have probably heard from your real estate professional..”are you pre approved”, but did you know why it is a good idea? There are several reasons why talking to your mortgage broker or bank is a good idea before you head out into the open market.
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 !
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Author:

Thank you for being here. I'm a Real estate agent with Keller Williams Signature.I hope that you can visit my website www.jeanethjimenez.com whether you are looking for homes for Sale or buy or just as a source for real estate information.

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