Why is obtaining a written preapproval the first step in your home search?
In most areas of the country, the amount of serious buyers outnumber the supply of homes. This makes a lot of traditional thought about a Real Estate search obsolete. Just like chain wallets and baggy jeans, the days of making an offer before speaking to a lender are over.
Now more than ever, buyers need to be prepared and they need to stand out. Contrary to old methods, the first step to your serious home search is to get pre-approved with a reputable lender before you begin looking at home inventory. Here’s why -
Being prepared. You don’t know when your dream home is going to show up. When it does, you need to be ready to attack it. If you are not pre-approved, the