Why Get Pre Approved??

I just answered a question from potential buyer, and this question keeps coming up! Why do real estate agents want me to get pre approved before I start viewing property? To me this is important and I will explain why. When your out viewing property without any idea what you can afford, their are no boundaries and limits. Right? May sound fun to go look at homes in a huge range of prices. The problem is finding THE DREAM HOUSE that you can't financially qualify for. Then the dreams are shattered! It works in reverse as well! If you feel like you can only afford a certain price range and you go looking at homes that you think you qualify for, you may become disappointed. This may cause you to become discouraged and give up. Lets say that you started the house hunt before the pre approval process. You find your dream home, before making an offer you need a pre approval! Now you have to wait a few days to make the offer and risk losing the house to somebody else. Most sellers won't look at offers without pre approvals, especially bank owned homes.

By getting pre approved, eliminates all  questions. Also, you have an idea of your monthly financial obligation! It just makes the process easier! If you need help finding somebody to help you get this process started, feel free to ask!