If you were a homeowner of West Linn real estate listed for sale and had to get it ready for potential buyers to come and view it, would you want non pre-appvroved buyers to walk through your home?
Probably not!
Here’s some reasons to get a loan pre-approval before you get in the car with your West Linn buyers agent to go home shopping.
- Knowing your price range – The homes you look at may be over or under what you can afford. Being comfortable with your payment (which may include your property tax) before you go home shopping will make the process go more smoothly.
- Almost all listing agents & home sellers insist on a Pre-approval letter with the offer – If you love the house and want to write an offer, the house could be gone by the time you get your pre-approval in order. Even waiting a day can mean missing out on the perfect home.
- Sellers and their agents will not take your offer seriously if you are not pre-approved.
- Most West Linn realtors will not drive you around if you are not pre-approved.
- You can get your offer in quickly, perhaps before other competing buyers.
- You may be able to get a better interest rate by improving your credit score and this can only be found out by having your credit report viewed ahead of time.
Getting pre-apprved with a lender and having all of your approval information can save time, frustration and help you get the home you really want! I work closely with Ginny Schider with Pacific Residential Mortgage.
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Rich Peralta is a real estate professional in the Portland Metro Area, including Lake Oswego, Tualatin and West Linn Real Estate.
He can be reached at 503.961.2181 or by e-mail at rich.peralta@exprealty.com
Contact him for more information on Portland, Lake Oswego or West Linn Real Estate!
Also posted on Lake Oswego Real Estate.
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[...] thing that the Portland buyers agent will ask is that the buyers talk with a lender and get a pre-approval. Without this nothing can be accomplished. The buyers agent will know the limits of the search [...]