I would definitely get preapproved but I would also get an estimate of value on your current home
from a real estate professional. All agents do that for free in hopes you will decide to list with them. I would offer get that service as well. It is great to get on the automated search to bring all homes you may be interested in directly to you email. Let me know if I can be of service for a no cost, no obligation estimate.
Mary Ann Hess
Mary Ann Hess
RE/MAX Real Estate Unlimited
Charleston/Teays Valley, WV
(304) 437-2257 Cell
I am a local agent with 12+ years of experience. I would love the opportunity to schedule an interview with you to discuss the marketing of your current home and options for downsizing.
Please feel free to contact me at any time. I can be reached via cell phone, text or email: 304-552-3955 or Stephanie@MoveWithStephanie.com.
I wish you the best of luck and hope to hear from you soon!
Stephanie Hostetler, REALTOR
Old Colony Company http://www.MoveWithStephanie.com
You should get pre-approved for a mortgage if you are going to get a mortgage for your new property. Most sellers will ask for your pre-approval letter when you submit your offer on their house. However, if you are going to pay all cash (from the sale of your current home), there would be no reason to get pre-approved for a mortgage. You will need to supply proof of funds (i.e. bank statement, etc) to the seller of any property you make an all cash offer on.