|
Real Estate Article
Buying a home
As a potential home buyer
competing for a property, you'll have a better chance of getting your offer
accepted by being as prepared as possible.
Get pre approved for a
mortgage:
Imagine you're a home seller in
receipt of multiple offers to purchase your property. A buyer is asking you to
take your property off the market for at least the next two to three weeks while
they apply for a loan. As the seller, lets consider the type of buyer you'd
prefer to deal with.
Pre approved Home Buyer
This buyer has provided a
broker written evidence of income, expenses, assets, liabilities and credit. All
information has been verified by a lender. As a result, much of the paperwork
for this buyer's loan has been completed. This buyer will probably be able to
close quickly. You're as certain as possible that this buyer can close.
As a potential buyer, you can
see that being pre-approved will give you the best chance of getting your first
offer accepted. This is critical in a competitive situation.
| 
