Getting Pre-Approved: The First Step of Buying a Home
Here’s why getting pre-approved should be your first step when buying a home. The idea of buying a home is incredibly exciting, so many people tend to start the process by looking for homes. However, getting a mortgage pre-approval is a much better step to take first, and there are a few reasons why. Think of what the seller’s going through: They have to allow total strangers to go through their home, and they aren’t sure whether these strangers are even able to buy it. In a hot market like ours, sellers may outright deny entry to buyers who don’t already have a pre-approval letter. On top of this, there are a variety of factors that can affect financing. There are different types of lending, such as asset-based income-based lending, and they calculate debts, income, credit scores, and many other items when figuring out your financing. Problems with these can prevent you from getting financing, which is why it’s important to figure out what issues you may need to fix. “In a hot market like ours, sellers may outright deny entry to buyers who don’t already have a pre-approval letter.” If you have any questions about pre-approvals or anything else related to real estate, feel free to reach out to me. I look forward to hearing from you soon.
My Advice for Proper Home Sale Preparation
Here are some things that all home sellers should be aware of these days. This is a very hot seller’s market, and a lot of homeowners feel like they can throw their home up for sale at whatever price they want and it will sell right away after receiving multiple offers. At the end of the day, a home is worth what a buyer and seller determine that price is. Homes that are put on the market without a plan are going to end up sitting on the market, even in a hot one like this. Although automated home value websites are a good way to get a starting point, it should just be your first step. You want to talk to an agent who can give their professional opinion on price. After you have that opinion, you need to prepare your home to sell. It doesn’t have to be completely updated, but it does have to be clean. Whenever you make updates, you won’t necessarily get all that money back when you sell. The updates that give you the best ROI are your kitchen, flooring, and bathrooms. “It doesn’t have to be updated, but it does have to be clean.” Having a clean home is so important. I’ve shown several homes that have received offers above asking price not because it was updated, but because it was clean. If you have any questions about the proper way to sell in this market or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
Welcome To My Blog!
Our market remains busy, and it’s still an opportune time to command a high price selling your home. I know what’s happening in the local real estate market, specifically pertaining to home values, that will directly affect you. So, I’ll be posting two monthly video messages on this blog to keep you updated. They will be valuable and useful in helping you stay on top of what’s happening in the community. Check back because content will be coming soon! I’m excited to keep you updated on what’s happening in the area!
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