PRE-APPROVED

10 REASONS YOU WANT TO BE PRE-APPROVED

1. Pre-approved buyers are better informed of the true costs of buying.
2. Pre-approved buyers know exactly how much they can spend.
3. Pre-approval reduces buyer anxiety during the contract process.
4. Being pre-approved usually makes the contract period shorter.
5. Pre-approved buyers negotiate from a position of strength, therefore
6. Pre-approval often results in a lower purchase price.
7. Buyers are NOT obligated to use the lender that has approved them.
8. Sellers expect buyers to know they can purchase homes they view.
9. Pre-approval demonstrates that the buyer is serious and able.
10. THE # 1 REASON TO BE PRE-APPROVED: Sellers are more likely to accept an offer accompanied by a letter from a lender stating that the buyer is approved for the amount of the offer. MORE. . .