fbpx
Reasons to be pre-approved before looking for a home!
“Mise en place” is the French term for having all your ingredients ready to be used before you start cooking. It makes things go smoother and prevents things from being forgotten. Similarly, becoming pre-approved for a mortgage puts the rest of the home buying process “in place.” It will save time from contract to closing […]
Reasons to be pre-approved before looking for a home!
“Mise en place” is the French term for having all your ingredients ready to be used before you start cooking. It makes things go smoother and prevents things from being forgotten. Similarly, becoming pre-approved for a mortgage puts the rest of the home buying process “in place.” It will save time from contract to closing […]

“Mise en place” is the French term for having all your ingredients ready to be used before you start cooking. It makes things go smoother and prevents things from being forgotten. Similarly, becoming pre-approved for a mortgage puts the rest of the home buying process “in place.”

  • It will save time from contract to closing if you are pre-approved.
  • Sellers expect agents to show homes to only qualified buyers.
  • Don’t waste your valuable time searching for something that is not possible
  • Don’t suffer embarrassment of not being approved after negotiating a contract.
  • Don’t spend money on inspections, appraisal and other fees unless you will be approved.
  • It may be the deciding factor to accept your offer if you are in a multiple offer scenario.
  • It removes doubt in the seller’s mind about whether the contract will actually close.
  • You’ll feel comfortable that you can afford the price home you want to buy.
  • If something comes up on the credit report before you find a home, it can give you time to correct it.
  • The confidence of pre-approval increases your negotiating power.
  • Most good agents won’t work with buyers who are not pre-approved.
  • Peace of mind knowing you can be approved on the home you want.

 

Think of pre-approval as the prep time for your home purchase. If you’d like a recommendation for a trusted mortgage professional, give me a call at (703) 707-0334.

LIST OF BLOGS

If you’re on the sidelines, at least get ready…

If you're on the sidelines to buy a home, there are things you can do to be ready when you do get back in the game. Improve your credit score to qualify for the best mortgage rate available which are reserved for those with the highest scores. Get a copy of your...

Negotiating Your Position

The seller wants the most for their home and the buyer wants to pay the least possible. From the very beginning of the homebuying process, there are adversarial positions between the principals. If you happen to be in a multi-offer situation, it just complicates...

Turn Back Time

As the expression goes, "if I could turn back time", maybe you'd would do some things differently. If you're wanting to buy a home, the regret may come from not getting a mortgage when rates were half of what they are today. There may not be a way to...

Buy Now, Refinance Later

The dilemma facing would-be buyers today is to wait until things settle down or move ahead in this unsettling economic environment. More specifically, the question should be, what are you waiting to settle down: mortgage rates, or prices or both? Mortgage rates...

Does high inflation discourage your from buying a home?

Inflation devalues the purchasing power of money and the interest earned on savings is almost always less than inflation. Tangible assets like your home consistently become more valuable over time. In inflationary periods, a home is a good investment and a hedge...

Did you know this about your credit?

Credit scores are used to assess risk and determine whether a borrower is approved or declined for a mortgage, credit card or some other type of credit. The score is a numerical value ranging from a low of zero to a high of 850 or 900 depending on the credit bureau....

Waiting for the Mortgage Rates to Come Down

Waiting for the mortgage rates to come down before you buy a home may not be a good decision. If you are correct, and the rates do come down by two percent, the savings you benefit from a lower rate will most likely be devoured by the appreciated price increase. As of...

Downsizing Options

Opportunities exist for a subset of homeowners, possibly in their 60's to 70's, who want to downsize to smaller homes for convenience, less maintenance, change of lifestyle, or to save money. These homeowners are more likely to have large equities and will not feel...

Concessions Make Your Home More Marketable

Sellers offer concessions as an incentive to encourage buyers to purchase their home. The concessions, paid for by the seller, benefit the buyer in ways that may be more appealing than possibly, being able to purchase the home for a lower price. In some situations,...

Building Your Home Buying Team

There are a lot of professionals involved in the homebuying process. And when these people can function as a team, the buyer is much more likely to end up where they want to be...in their new home. The lender is an integral part of the team unless you are going to be...

RECENT POSTS

Negotiating Your Position

The seller wants the most for their home and the buyer wants to pay the least possible. From the...

Turn Back Time

As the expression goes, "if I could turn back time", maybe you'd would do some things...

Buy Now, Refinance Later

The dilemma facing would-be buyers today is to wait until things settle down or move ahead in this...

Downsizing Options

Opportunities exist for a subset of homeowners, possibly in their 60's to 70's, who want to...

ABOUT  TWENTY
THREE HOMES

The Twenty Three Homes are one of the premiere real estate groups locally, nationally and internationally, specifically dealing with high-end properties and exclusive clientele. Partner with Keller Williams Twenty Three Homes are full service real estate experts whose clients benefit from the custom tailored, hands on service while receiving all the exclusive amenities and resources of one of the most established and respected firms in the business.

GET IN TOUCH