Why We Want You to Get A Preapproval Letter BEFORE You Start Looking For Homes!

Reblogger Roger Johnson
Real Estate Agent with CENTURY 21 American Homes

Interested in buying a house but haven't gotten pre-approved for a loan yet?  Have you been calling agents up to see homes and are wondering why we ask (at least we all should!) if you've gotten pre-approved yet?

Your answer is below.  If you're in the Hickory NC area and are looking to buy, contact Roger at 828-381-9245 and let him show you what a good buyer's agent can do to help you with your home purchase.

Original content by Liz and Bill Spear SAL.2002007747

CheckWhy We Want You to Get A Preapproval Letter BEFORE You Start Looking For Homes!

You might be of the mindset that you want to find that dream home before you start checking out getting a loan.  We understand, you've heard the stories about credit scores dropping from getting checked, and "Hey, MY credit is totally great!  I'm GOLDEN!  I've never missed a payment on anything!"

But here's the thing, we'd be doing you a serious disservice if we DIDN'T recommend you get with a loan officer as early as possible in the process.  Why you ask?

Glad you're interested in knowing!

  • Loan standards and programs are constantly changing!  A good loan office can review your situation and determine the best program for you!  And if there's something in your credit history that might put a crimp in your ability to buy, well they can tell you what you need to do to fix it!
  • Do you want to be taken seriously by the sellers?  When you find that perfect home, chances are they're going to want to have a preapproval letter attached to your offer!  They NEED to know you've demonstrated at least the minimal ability to get the cash!  Put their hat on, would you feel comfortable taking your home off the market because someone said "TRUST ME!  I'm good for it?".  Trust us, we'd be advising our sellers to leave the home ACTIVE until you and your agent got us the letter!
  • We need to know the type program you'll be using for financing so we know how to prepare the offer.  A week or two AFTER the contract is accepted is a little late to realize you need closing cost assistance!  If we know what you need, we can build it into the original offer.  Sellers HATE surprises like that later!
  • And lastly, this one is mainly for us!  We don't want to be the bad guys.  You think you can buy a home at $xxxxxxx price.  We show you homes at $xxxxxxx price.  You and your family find THE ONE, THE DREAM HOME.  And THEN you find out you can't afford to buy it.  Just a bit beyond what you can get a loan for.  You're crushed, and it's OUR fault for letting you in the home to start with when WE didn't know if you were actually qualified to buy it.

So can you see WHY we feel it's critical to get that preapproval letter first?  It REALLY is in YOUR best interest.  Don't know a great loan officer?  We can help find one for you!  Just give us a call or email and we'll be happy to get the process started for you!

Serving Warren County's residential real estate needs,
Liz and Bill aka BLiz

The Liz Spear Team
Elizabeth & William Spear
RE/MAX Elite
Two locations: Lebanon & Mason, OH
Office direct: 513-248-3660
  Liz direct:  513-265-3004
Bill direct: 513-520-5305 Fax: 866-302-8418
      EHO

MailTo: Liz@LizSpear.com  Visit: http://www.LizTour.com

 

 

 

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Ambassador
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Liz and Bill Spear
RE/MAX Elite Warren County Ohio
RE/MAX Elite 513.265.3004 www.LizTour.com

Roger, Thanks for the reblog!  Always appreciate the extra exposure and hopefully it helps some consumers understand just why it's so important to get preapproved before they seriously look for homes.

August 26, 2011 11:33 AM
Rainmaker
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Roger Johnson
Realtor - Hickory NC Real Estate
CENTURY 21 American Homes

Definitely worth the reblog, Bliz.  I had intended to when you originally wrote it, but if memory serves, we are having some AR issues at the time.

August 26, 2011 11:38 AM
Ambassador
1,357,527
Liz and Bill Spear
RE/MAX Elite Warren County Ohio
RE/MAX Elite 513.265.3004 www.LizTour.com

Roger, I think you might be right.  I was surprised to suddenly get 3 more reblogs on this one today, not sure what triggered them all.  We're up to 14, easily our most reblogged ever.

August 26, 2011 01:57 PM
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