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WHY A PRE-APPROVAL IS SO IMPORTANT TO YOUR HOME SEARCH

Monday, November 5, 2018   /   by Brian Heafy

WHY A PRE-APPROVAL IS SO IMPORTANT TO YOUR HOME SEARCH

Get a Pre Approval BEFORE you start your search for a new home. Let us help!

Most people start out by browsing homes for sale online to get an idea of what neighborhoods they like. If you don’t know what you can afford, you may be looking out of your price range and wasting your time. You may also be looking below what you might have qualified for and not getting all the home you wanted.

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The bottom line is this: REALTORS® prefer  to work with home buyers who have a pre-approval.

A REALTOR® knows the deal isn’t likely to fall through,   and second, when they know what you want and what you can afford, REALTORS® are able to do a better job of finding your dream home.

If you have pre-approval, a REALTOR® will know exactly what to focus on and would be able to suggest different neighborhoods, sizes and conditions of homes to match your needs—making it easier to get you exactly what you want.

Higher Acceptance Rate for Buyers With Pre-Approval

Sellers may be more willing to lower the asking price, include appliances, cover closing costs or make other allowances to work with a pre-approved buyer.

If you’re not pre-approved and you find a home you want to make an offer on, you’re taking a gamble. REALTORS® and sellers are less willing to accept offers from a buyer without a pre-approval. Odds are, they’ll go on to the next offer—and you’ll miss out.

Sellers may be more willing to lower the asking price, include appliances, cover closing costs or make other allowances to work with a pre-approved buyer.

We can guide you through the process.

Exit Real Estate Results
Thomas Bonds, Franchise Owner
2401 W State Rd 434, Suite 125A
Longwood, FL 32779
407-788-6474

© 2019 My Florida Regional Multiple Listing Service, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional Multiple Listing Service, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.2/21/2019 8:36 PM CST
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