Legendary Real Estate - a Boutique Firm
Sandi Maki
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Legendary Real Estate – a Boutique Firm
Sandi Maki - Real Estate Broker, Michigan

Why You Should Get Pre-Approved Before House Hunting

BarCounterLegendaryRealEstateBefore starting your search for a new home, the first thing a Buyer needs to do is get pre-approval from their mortgage lender.  Even if you currently have a home and think a mortgage will be no problem, it is important to make that phone call first and here are the reasons why:

  • Knowing that a Buyer is pre-approved by a lender is a point of safety for the Realtor. This helps them know that you are a serious Buyer and it provides proof of the ability you can really obtain financing before they start driving around looking at homes with strangers.
  • A lot of time an energy is put into house hunting and agents don’t want to spend hours of searching with a client, only to find that they are unable to secure a mortgage at that time. A little bit of time invested by the Buyer helps the Agent want to invest time in them.
  • Getting pre-approved helps save time and frustration.  There is no sense in taking time to look at homes that are out of price range for the Buyer and a pre-approval helps set the buying parameters.  It will only disappoint the buyer when they find something they love, but can’t afford.
  • Sometimes there are simple, little glitches that need to be taken care of by a Buyer that will raise their credit scores and save time when actually trying to secure a mortgage. Sometimes it takes longer then expected to fix things and the Buyer could end up loosing out on getting the home they have their hear set on.
  • Knowing your credit parameters in advance can help strengthen your negotiation ability.  Especially if their becomes a multiple offer situation on a purchase, there is not time to wait while someone gets a mortgage approval.  The stronger the lender, the more trust the Seller will have in accepting an offer, versus using an unknown lender who may be questionable.

Some Final Thoughts:  Buying a home is a big deal.  Having a pre-approval is not a guarantee of funding, but it shows an effort for all parties involved.

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5chirosmithaa

Sandi at Legendary Real Estate handled our home purchase in Flint Township this past summer. We had a bit of a difficult seller to deal with, but Sandi and her team handled negotiations and some snags with skill and expertise. In the end, the closing went... (more)

5user14688863

Before contacting Sandi, I was completely overwhelmed as a first time homebuyer. I didn't even know where to begin! I contacted Sandi in hopes that she would be able to help us with the home buying process, and match us with the perfect home for me and my... (more)

5mallencurtis

Sandi went above and beyond on my first home purchase. While there were times that the other parties involved in the transaction were dragging their feet a bit, she always let me know what was going on and kept me up to date about what the next step in the... (more)

Review Sandi Maki on Zillow.com