Benifits of pre-approvals

Applying for a pre-approval from a lender is a quick and easy way for home buyers to increase appeal with sellers. A pre-approval is an agreement from a bank or mortgage company to provide a loan up to a certain amount for the purchase of a home.

While the lender commits to providing a loan, the buyer is under no obligation to use that company. If presented with a more attractive loan offer, the buyer can elect to use another lender without paying any penalty or fee.

Sellers prefer to work with buyers who are pre-approved because they know they are serious about purchasing a home and will not waste their time. An added benefit of being pre-approved is that it provides buyers with the peace of mind of knowing they are looking for a home they can afford and they are not spending beyond their means.

If you would like to learn more about the value of being pre-approved, I would be glad to provide you with additional information.

More Buyer Tips

When it comes to buying a house, there are countless factors and items that can make the difference between finding the home of your dreams or simply a place to live. If you decide to search for a new home, be sure to consider these helpful tips.

1. Evaluate the home’s floor plan, yard size and shape and determine if there is enough living space, storage and bathrooms.

2. If commuting time is important to you, take a “test drive” – get up extra early or stay at a nearby hotel and drive to work from the home you’re considering.
3. Pay attention to the listing date of the home. Sellers tend to be more flexible the longer a house is on the market.

4. When you find a home you like, be sure to ask the owner about their average monthly utility payments and any other regular expenses.

5. Be sure to review the seller disclosure statement to see if the house has ever had water in the basement and to confirm the age of the furnace, central air conditioning system and roof.

6. Take the time to measure all rooms for your furniture. Don’t try to “eyeball” it based on the current owner’s furniture and placement.

To learn more about how I can assist you in your home buying needs, please feel free to contact me.

More

When it comes to buying a house, there are countless factors and items that can make the difference between finding the home of your dreams or simply a place to live. If you decide to search for a new home, be sure to consider these helpful tips.
• Evaluate the home’s floor plan, yard size and shape and determine if there is enough living space, storage and bathrooms
• If commuting time is important to you, take a “test drive” – get up extra early or stay at a nearby hotel and drive to work from the home you’re considering.
• Pay attention to the listing date of the home. Sellers tend to be more flexible the longer a house is on the market.
• When you find a home you like, be sure to ask the owner about their average monthly utility payments and any other regular expenses.
• Be sure to review the seller disclosure statement to see if the house has ever had water in the basement and to confirm the age of the furnace, central air conditioning system and roof.
• Take the time to measure all rooms for your furniture. Don’t try to “eyeball” it based on the current owner’s furniture and placement
To learn more about how I can assist you in your home buying needs, please feel free to contact me.