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Judith Gottesfeld
"REALTOR® Extraordinaire™"
- 5 Helpful Answers
- 37 Answers
- 1 Listing
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First time buyers. Coordinating the sale and purchase of your home smoothly and successfully.
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Judith has devoted her entire career of over 30 years to all things real estate. Her strong background includes 20 years in real estate finance including
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Judith Gottesfeld answered:
Dear Ryan,
My experience is that the process is the other way around. You have to be pre-approved before submitting an offer. If you are referring to an REO/foreclosed property, the bank will not accept an offer without a pre-approval by their own institution. If you are referring to a traditional sale, your offer will be more favorably considered if you have already been pre-approved by a reputable lender.
Which scenario did you experience that wanted an offer before your pre-approval?
Judith Gottesfeld
Gibson International
310-622-7441
JG4RealEstate@yahoo.com
My experience is that the process is the other way around. You have to be pre-approved before submitting an offer. If you are referring to an REO/foreclosed property, the bank will not accept an offer without a pre-approval by their own institution. If you are referring to a traditional sale, your offer will be more favorably considered if you have already been pre-approved by a reputable lender.
Which scenario did you experience that wanted an offer before your pre-approval?
Judith Gottesfeld
Gibson International
310-622-7441
JG4RealEstate@yahoo.com
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