Blog

The Power of the Preapproval

Nov 14
3:59
PM ET
Category | Homebuyer Info

You've been searching for your perfect house for months.  That one didn't have a big enough yard, the other one needed a brand new kitchen.  You keep at it until one day you find THE GEM, the one you can see yourself in for many years to come, the one that feels like HOME the moment you step into the front door (you're already picking out new welcome mats).  After looking at it from top to bottom and picturing all of your own finishing touches in each room, you're ready to make an offer.  Your realtor asks you for your preapproval letter before you can proceed and you freeze.  Preapproval letter?

The worst thing that could happen to an excited homebuyer is to lose out on "the one" because they haven't already been preapproved.  This piece of information is very powerful in any real estate market, but especially in the market we experienced recently where housing inventory was low.  A preapproval can give you the extra edge if you're prepared and ready to make an offer immediately on your dream home.

The preapproval process is free - this is at no cost or no obligation to you.  By looking at some of your basic information, you are able to find out how much you can borrow.  In turn, you are more likely to shop around in your price range.  Having this also sets you apart from other potential buyers.  The person/selling agent selling your dream home will take an offer with a preapproval more serious.

Now you have the secret to success in the homebuying game!  It's as easy as calling us today and having us walk you through the process.  Let us give you the power of the preapproval so that "the one" becomes YOURS.

by: Jamie England