Make sure you are ready to buy when you write that offer!

By
Real Estate Agent with John J. Howard & Associates

Two words....Get Prequalified!  Before you go and look inside the home of your dreams it is a good idea to sit down with your lender and get prequalified.  Lenders are asking for more documentation these days so be ready to show them copies of everything except your kitchen sink.

The process can be daunting but if you are working with a Realtor who knows your market and is a full time Realtor he/she will be able to assist you in gathering documents and talking with lenders.

It can be a real bummer if you find your dream home that cost $200,000 only to find out that you qualify for $150,000.  So, talk with your Realtor and you lender/s and find our what you are qualified to buy.  After all, you are in a much stronger position when you can submit your lenders letter along with your offer.

So...Happy House Hunting! and may you find your dream home soon.

close

Re-Bloggged 1 time:

Re-Blogged By Re-Blogged At
  1. Jean Hanley 08/17/2010 07:54 PM
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pants to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Location:
Oregon
Groups:
Moving to Oregon
Tags:
la garande homes
la grande houses
la grande real estate
la grande listings
jeffdclarkcom
jeff clark

Comments 2 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the robot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
369,954
Tish Lloyd
Broker - Wilmington NC and Surrounding Beaches
BlueCoast Realty Corporation

Well said!  Having a pre-qual letter is the most important step a buyer can take.

August 17, 2010 08:02 PM
Rainer
63,700
Brett Reichel
MLO 210215
Pacific Residential Mtg., LLC - NMLS 1477 / WA CL-1477

Great advice - make sure they are working with a lender who actually pre-qualifies them, too.... I talked to one loan officers assistant who said she routinely writes pre-approval letters for borrowers before the loan officer even talks to the people!  Amazing!

Brett

March 26, 2011 09:25 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the printer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
14,538

Brenda Jackson

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the car to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: