Financing in Highland>Question Details

Maricela Ban…, Real Estate Pro in San Bernadino, CA

WHY IS IT IMPORTANT TO BE PRE APPROVED PRIOR TO VIEWING HOMES?

Asked by Maricela Banuelos, San Bernadino, CA Fri Jun 21, 2013

Help the community by answering this question:

Answers

6
It shows that you are a serious buyer. That you are ready to make a purchase. And, you are able to make a purchase. Sellers are always looking for a Ready, willing, and able buyers. You want to be in that category! Happy hunting!
0 votes Thank Flag Link Mon Jul 1, 2013
The buyer signals they are serious about buying. How can you even begin shopping for a home if you don't know what you can borrow? It's not just a matter of time management for the Realtor. If the buyer doesn't have a letter that states they have spoken to a lender that should be the first thing on the buyer's agenda. It's a time saver. Buying is a process of narrowing down what price range the buyer should be looking at. It is a simple chore.

Consumers should regularly obtain a copy of their own credit report - just in case they need to see if they need to correct errors. 60 Minutes did a segment on the errors in the reports.
Best regards,
Suz
0 votes Thank Flag Link Sat Jun 22, 2013
A pre-approval validates a buyer's financial means.
0 votes Thank Flag Link Fri Jun 21, 2013
Why go home shopping if you can't get a loan?

It's an essential first step to any responsible purchase. In addition, in some areas, including my own, pre-approval letters must be submitted along with offers. No seller or listing agent will look at an offer without a corresponding loan approval.
0 votes Thank Flag Link Fri Jun 21, 2013
Also, Maricela, you don't want your client(s) falling in love with a home that's out of their price range. Once you know what they quaify for, then you'll be able to show them only homes they can realisically purchase.
0 votes Thank Flag Link Fri Jun 21, 2013
We don't do SPAM on Trulia.
Bad form!
0 votes Thank Flag Link Fri Jun 21, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer