Take the Guess Work Out of Your Home Search – Get Pre-Qualified First
There are unlimited sources to search for homes online and it’s a great way to get a feel for the types of homes and prices for any community. All the data for listings come virtually from the same source. You may spend countless hours viewing homes at your leisure.
Once you are ready to start looking at homes the next step will be to get pre-qualified from a Mortgage Lender of your choice and obtain a pre-approval letter that states what loan amount you are approved for.
This will help to refine the search so we look only at homes that you are qualified to purchase. Along with most REALTOR’s in the San Diego area, I have a commitment to only bring pre-approved buyers into seller’s homes in the San Diego area.
Imagine that you are not pre-approved and find the most incredible home that meets all your needs only to be disappointed when you are not able to qualify for the home or by the time you get qualified the homes has been sold.
In today’s competitive market in San Diego you will want to submit a pre-approval letter with your offer. This will both speed up the process and give you a better chance of having your offer accepted by the seller.
Top Buyer Tip . The Pre-approval letter is the best thing going for you when presenting an offer. It’s not always about price… sellers want the security that you can go through the escrow process and close on the home.
The mortgage market changes rapidly, the rules and guidelines change often. By starting the relationship with a Lender of your choice they can keep all your files updated and keep you informed of changes that may be in the pipeline.
By Rob Pontarelli ©