Why Should You Be a Pre-approved Buyer?

 There are many great Charlotte area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (704) 800-1200 Ext. 106 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today I wanted to talk to you about a very important topic, especially if you’re in the market to purchase a home. Becoming pre-approved, not just pre-qualified, is the most important step in your home search. Before I go into that, I wanted to point out our market snapshot tool that has you plug in your information on your home and it returns a detailed report of the market as it pertains to you and your home. If you’re looking to buy a home, we have the best property search tool on the market as well.

In terms of becoming pre-approved, you have to look at it from a seller’s standpoint. For example, if a seller has an attractive property and is gaining interest and showings, you have to think about how your offer is perceived by the seller. If you make an offer with just a pre-qualification letter, the seller will see that the lender did not pull your credit or any background check, it doesn’t put you in a strong position.

If you’re working with the right lender, they will put you through a more rigorous process. They will request paystubs to verify your income and your assets so when they can write you a strong preapproval letter. This will be appreciated by seller when it comes to closing time to avoid any issues. You may even be able to close in 14-21 days if you have been pre-approved!

If you have any questions, don’t hesitate to contact me. Until we talk again, God bless and be well!