Getting Pre-Approved is a Necessary Step

 

There are many great San Fernando Valley 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 818-720-9922 for a FREE home buying or selling consultation to answer any of your real estate questions.

If you have been browsing home listings recently, you have probably seen the words "pre-approval" out there a lot.  You may have just ignored these words and said, "I don't need to be pre-approved, I will just buy the best home in my budget." While that may sound like an airtight strategy, the truth is that being pre-approved is essential to making the right decision on your new home.

One important reason to get pre-approved is to see which loans or mortgages you qualify for. Finding out that you don't qualify for a program that will help you to buy your dream home can be devastating. Conversely, getting pre-approved may allow you to qualify for a much better home than you expected. You may be pleasantly surprised to find that you are able to purchase a home that you thought was out of your budget.

We are currently in a hot seller's market with very low inventory, so sellers are looking to move their homes as quickly as possible. They won't wait for you to get pre-approved, so it is very important that you get pre-approved before you start looking at homes. This way you will know what your range is and you will be able to make an offer immediately.

If you have any questions at all regarding the pre-approval process or any other questions about purchasing a home, please call us at (818)720-9922 or send me an e-mail directly at Scott@ScottWorks4u.com