Most complicated step in buying real estate!
Shop for mortgage lender to establish best loan for your unique financial situation
Once the best mortgage option is established we will need
PreApproval statement from lender allows us
Determine Real Estate Needs Step 1
Research Real Estate based on Preapproval Amount Step 2
Negotiate an Offer based on Preapproval Amount Step 4
Approved Loan from lender allows us
Closing - Settle Real Estate Step 6
Get prequalified strengthen bargaining position
Seller's perspective
Seller has 2 offers on table for house
One from a fully prequalified buyer
Another from an unqualified buyer
Which offer is taken serious?
Even if prequalified buyer offers $1000 less, SELLER
will not risk sell to unqualified buyer. When it comes to a seller
evaluating offers
"A bird in the hand..." definitely applies.