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Home> Buy> Buying Process> Getting Pre-approved

The Buying Process: Getting Pre-approved

Hiring an Agent.

Do you know the difference between the type of agents that can represent you--or NOT--represent you? It's imperative that you find out!

 Hiring an Agent


Getting Pre-Approved

Having your financing lined up before you look for your dream home is a must. Find out how and why.

 Getting Pre-Approved


Find Your Dream Home

Now the fun begins! But it's crucial to be on the same page as your agent. Make sure he or she knows everything that you are looking for--or what you aren't looking for.

 Find Your Dream Home


Make the Offer

Congratulations, we've found your home, so now it's time to make the offer. Let you agent work for you!

 The Buying Process: Make The OfferMake the Offer


Satisfy Contingencies

Once the negotiations are over and you and the Seller have come to an agreement, it's time to take care of the contingencies in the contract.

 Satisfy Contingencies


Closing

Once all the papers are signed, you are the new owner...find out what to expect during the closing process.

 Closing


  



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Banks, mortgage companies, mortgage brokers, credit unions…all will issue you a written pre-approval, usually at no cost. It's important to understand the difference between "pre-qualified" and "pre-approved." Lenders pre-qualify Buyers based on information received by them that is subject to verification…it's helpful, but it has no "teeth." A pre-approval, however, is a commitment to make the loan subject to a satisfactory appraisal and a fully executed Purchase & Sale Contract. It's almost as good as cash and is the strongest position for you to be in when negotiating with a Seller. My recommendation is to never go shopping until you are pre-approved!

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