When you’re ready to buy a home, it makes sense to put yourself in the strongest possible position to negotiate. In a strong real estate market, sellers may be more selective about which buyer they choose to negotiate with. In a seller’s market, it’s not uncommon for a home seller to receive multiple offers on their property. That said, there are certain things you can do to ensure your offer is the one that gets accepted.

Today, the vast majority of buyers go about it the wrong way and put themselves at a significant disadvantage!

Let’s look at this situation from the seller’s perspective. If you were the seller and had received multiple offers on your property, all other things being equal, would you accept the offer that comes with a pre-approval letter or the one where financing is conditional? The answer is obvious. So why do so many buyers wait until they’ve found a home before thinking about financing?

I’ve noticed that these people are generally very good, qualified buyers who aren’t worried about getting approved for a loan. Although they’re usually right and, in the end, do get approved, the seller, in most cases, has no guarantee.

Finally, from a cost-saving perspective:

As a prospective homebuyer, it makes more sense to start the financing process early so that you can get a good understanding of the interest rate, estimated points, and closing costs. If you do this before you find a home, you won’t be under any time pressure, and you’re less likely to end up paying a higher rate than a buyer in the opposite situation.

If you decide to take advantage of the pre-approved mortgage, simply fill out the form on this page. We’ll forward your information to one of our professionals, who will help you find the best mortgage interest rate and the lowest possible closing costs.