When
you are ready to purchase a home, it makes sense to
negotiate from the strongest position
possible. In a strong Real Estate market,
seller's can be more selective in the final buyer they
choose to negotiatewith. In such a crazed seller's market,
it's not uncommon for a home seller to receive multiple
offers on their property.
The vast majority of purchaser's today go about the
process entirely wrong, putting themselves at an overwhelming
disadvantage!
Let's look at if from the seller's perspective for a
moment. If you were the seller and had multiple offers
on your property. All
things being equal, would you accept the one with pre-approval
or the one still conditional on financing?
The answer is obvious:
Why then, do so many buyers wait to start their financing
until after they have found a home? Typically those buyers
are
qualified buyers and are not worried about getting approved.
Even though they are correct and will ultimately be approved,
the seller in most cases has no guarantees.
Lastly, from a cost savings perspective ...
As a prospective buyers, it makes all the more sense
to start the financing early on so you can get a firm
handle on your
interest rate and estimate of points and closing costs.
If you do this before finding a home, you are not under
any time
constraints and are less likely to over pay like a buyer
who has already found a home and has a scheduled closing
date.
Should you decide that you wish to take advantage of
a Pre-Aprroval, simply give us a call at (303)
379-9284 We will locate
the absolute best mortgage rate and lowest closings cost
possible and process your application without any cost
or
obligation. Really what are you waiting for? Don't let
your dream home get away, just because you waited to
get approved.
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