Pre-Approval Makes All the Difference When Buying a Home

Keeping Current Matters

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Pre-approval gives you an advantage if you get into a multiple-offer scenario, and these days, it’s likely you will.

Buyers, Are You Ready? Get Pre-approved before you shop!

The Living Room

It has always been a good idea to get pre-approved for financing by your lender before you step foot into the housing market, but today it is even more important. Covid-19 safety guidelines require pre-approval before you go into a listing.

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Why Is It so Important to Be Pre-Approved in the Homebuying Process?

Keeping Current Matters

You may have heard that pre-approval is a great first step in the homebuying process. Pre-approval from a lender is the only way to do this. Pre-approval shows homeowners you’re a serious buyer.

Pre Approval vs Pre Qualified vs Underwritten Pre Approval: What’s It All Mean?

HomeLight

Do you know the difference between pre approval vs pre qualified when it comes to mortgage loans? The problem is, if they haven’t been preapproved, they’re “scrambling to get approved and can miss out on a home because it takes time.”.

Pre-Approval Makes All the Difference When Buying a Home

The Living Room

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Pre-approval gives you an advantage if you get into a multiple-offer scenario, and these days, it’s likely you will.

4 Reasons You Should Get a Mortgage Pre-Approval

RIS Media

If you’re just starting out with the home-buying process, you may want to get a mortgage pre-approval. This is a statement from a lender that informs you of a certain amount you are qualified to borrow, as well as a specific pre-approved interest rate.

The Inman Handbook on how to juggle multiple offers

Inman

With some agents seeing upward of 20 or more offers on their listings in today's market, the process can quickly become overwhelming for everyone involved.

Your Ultimate Guide to Buying a Home (in 13 Steps)

REX Real Estate

Looking for a home is an exciting journey whether you’re a first-time homebuyer or… Buying a Home REX Tips buyers agent first time home buyer mortgage rates pre-approval

How Long Does It Take to Buy a House?

Realtor.com

Step 1: Getting mortgage pre-approval. Step 1: Get pre-approved for a mortgage. Your first step shouldn’t be to check out homes; it should be to get mortgage pre-approval from a mortgage lender or broker. kali9 / Getty Images Table of contents: .

Ways Real Estate Agents Can Aid Homebuyers

Realty Biz

Real estate agents are there to facilitate home purchases, whether you’re representing buyers or sellers. Here are a few ways real estate agents can aid homebuyers. . Too many real estate agents ask people to describe their dream home and nothing else.

1 in 5 Homeowners Missing Mortgage Payments in 2020: How Should Agents Respond?

Real Trends

Real estate agents navigating the COVID-19 landscape have had to adapt their entire marketing model — eliminating or scaling back open houses, substituting video tours for in-person previews, and limiting home visits to buyers who are pre-approved for financing.

How to Buy a Home Without a Real Estate Agent

Redfin

What to know when buying a house without a real estate agent. Let’s start by looking at some frequently asked questions about buying without an agent. . If you work without an agent, can you only buy homes that are for-sale-by-owner (FSBO)? Get pre-approved for a home loan.

Why Have a Buyer’s Agent

The Living Room

Most of the time you can connect directly to a real estate agent who can open a door and show you any home you want to see. Same as having a real estate agent of your own? If you’re thinking about buying a home, you’re ready to connect with a real estate agent.

5 tips for buying a home in a seller’s housing market

Housing Wire

Need a real estate agent? Get pre-approved before beginning your home search. A mortgage pre-approval is non-negotiable in this environment. Work with an experienced agent. There’s no doubt we’re in a seller’s housing market.

Homebuyers, it’s time to go to war

Housing Wire

Get Pre-Approved. Being pre-approved means a lender has agreed to let you borrow money for the home. To get pre-approved, a lender will take a good look at your finances. Before putting down an offer, make sure you talk to your agent.

4 Must-have Real Estate Buyer Agent Checklists (PDF Download)

The Close

If you’re a real estate buyer’s agent, there’s no doubt you are BUSY. Buyers tend to take a lot of time, have a ton of questions, and need plenty of attention from their agents, making life as a buyer’s agent a little crazier than most of us would like. Agent Basics

How to negotiate your home purchase offer

Housing Wire

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process.

Ex-Zillow execs promise revolution in lending

Housing Wire

So putting listings online in a portal,” said Carey Armstrong, who co-founded the company with Greg Schwartz, and ran Premier Agent at the Seattle real estate tech giant. The startup says it has also partnered with top local real estate agents who know their way around the markets they serve.

5 Tips for Making Your Best Offer

Keeping Current Matters

The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts it : “This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer. ”.

Rocket Mortgage strikes big advertising deal with Realtor.com

Housing Wire

Effective Thursday, homebuyers on Realtor.com who say they wish to be pre-approved for a mortgage will see an advertisement from Rocket Mortgage that will allow them to receive pre-approval in as little as 20 minutes.

How to Make a Winning Offer on a Home

Keeping Current Matters

The best way to know this is to get pre-approved for a loan early in the homebuying process. Only 44% of today’s prospective homebuyers are planning to apply for pre-approval, so be sure to take this step so you stand out from the crowd.

The Keys to a Quick Close: 6 Ways to Speed Up Your Client’s Closing

Realty Biz

As a real estate agent, there are few things more frustrating than working with a client who is knee-deep in a closing standstill. Between organizing, verifying, and thoroughly checking documentation, accounts, and pre-approvals, agents can sidestep delays with ease.

HomeLight secures $363M to reimagine real estate

Housing Wire

It also allows sellers access to a network of pre-approved buyers to expedite the process. “We’ve proven that technology can help transform the transaction experience, and we couldn’t be more excited to bring that technology to top agents, homebuyers, and sellers everywhere.”.

How to Search for a Home in a Seller’s Market

RIS Media

Get Pre-Approved . Before you start shopping for a house, you should get pre-approved for a mortgage. Being pre-approved will demonstrate to a seller that you are in a good financial position, can afford a house and will be able to move forward quickly.

Cash offer startup Accept.inc raises 90M in debt and equity

Housing Wire

” The process requires a pre-approval that once passed allow buyers to submit an all-cash offer with Accept.inc’s proof-of-funds. Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity.

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Win Bidding Wars: How to Write Offers That the Seller and Listing Agent Will Love

HomeLight

You need to write offers that tell the seller and listing agent three things: your offer has the best terms. Sarita Dua is a top agent in Portland, Oregon who’s been winning bidding wars all year long — including seven straight in a single weekend.

Why This Isn’t Your Typical Summer Housing Market

Keeping Current Matters

Work with your agent to list your house before it has more competition on the market. Brace for a quick pace and rely on your agent to stay in the know on the available homes in your area. Getting pre-approved can show the seller you’re serious and help you know what you can afford.

5 Tips for Homebuyers Who Want to Make a Competitive Offer

Keeping Current Matters

Listen to Your Real Estate Agent. The best way to know this is to reach out to your lender to get pre-approved for a loan early in the homebuying process. Today’s real estate market has high buyer interest and low housing inventory.

Buyside launches a new home valuation pages feature

Housing Wire

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset.

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Is now a good time to sell a home?

Housing Wire

Only allow buyers with pre-approved mortgages to schedule tours (this ensures they’re serious), and require masks, gloves and other precautionary measures while in the home. As news of rising home prices spreads, more and more homeowners consider selling their properties. .

The Competitive Edge

The Residential Specialist

Because inventories are shrinking, agents need to find creative ways to make their buyers’ offers stand out. Even before the COVID-19 pandemic hit in March 2020, residential real estate agents were seeing inventories shrink and increased competition for homes.

How to Win a Bidding War: Write Offers the Seller and Listing Agent Will Love

HomeLight

You need to write offers that tell the listing agent your offer has the best terms, lowest risk, and is most likely to cross the proverbial finish line. In part two of our Walkthrough series on winning bidding wars, Sarita Dua continues her explanation of the 3 C’s of winning bidding wars (confidence, communication, and creativity), how to beat an all-cash offer, and how to write offers that the listing agent will love. HomeLight’s Agent Resource Center.

How Top Agents Master Speed-to-Lead and Land More Clients

HomeLight

We set up a showing in the next three hours, and scheduled a listing appointment for tomorrow because they need to both buy and sell,” says HomeLight Elite agent Tony Baroni. Baroni is an agent with 15 years of experience in and around Tampa, Florida.

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Terrible things buyers do to upset their realtors

Realty Biz

Real estate agents are a crucial part of real estate. Agents understand that buying a property is the biggest investment most of us make in our lifetime. But if home buyers act in a way that puts too much pressure on our agents, the home buying journey becomes a mess.

5 Ways to Win a Real Estate Bidding War without the Highest Bid

Redfin

All-cash offers, pre-approval letters, and flexible timelines are all strategies that can beat out the highest offer. Get pre-approved for a mortgage. One of the first steps you should take towards purchasing a house is obtaining a pre-approval letter.