Have you ever been tempted by
those credit card solicitations saying
you’ve been “Pre-Approved”? If
you’re in the market for a new credit
card, you may reason that there will
be less hassle if you accept the offer
of a pre-approved card. Right?
The credit card company feels the
same way. They’ve already
determined you are creditworthy
before sending the solicitation. They
already know they want you as a
customer.
Now, put yourself in the position of
homebuyer. You want to purchase a
home with the least amount of hassle
and delay. You want to approach
home sellers from the strongest
position possible. You want them to
take your offer seriously, and accept
it without delay. How can you do it?
Get “pre-approved!” That’s right -
put the cart before the proverbial
horse. Get approved for the
mortgage first, before you begin
looking at homes. Once you’ve
chosen a real estate agent, ask the
agent to set up an appointment with
a mortgage lender. Do the
paperwork, ask for a commitment
letter once you’re approved, and
only then begin your home search.
Three immediate benefits will accrue
to your buying position. Your
confidence level will rise. Your
willingness to commit when the right
home comes along will increase.
Sellers will take your offer more
seriously when you make it. What
more can you ask?
