Wednesday, July 18, 2018
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Randi F. Rainmaker
CLHMS, GRI, ABR, CCIM, ePro, EcoBroker
Gooder Group
2724 Dorr Ave, Ste 103
Fairfax, Virginia 22031

Office: 703-698-7750
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We’re in a competitive market. What can I do to make my offer look better than another buyer’s offer?

Cross Your Fingers It takes more than good luck to get the right home at the right price. One advantage you can have on your side is a conditional loan pre-approval. When you are pre-approved your offer is more attractive because the seller doesn't have to wonder if you can afford to buy. The seller will know in advance that your offer is as good as money in the bank.
  • Pre-approval versus pre-qualification

  • A pre-approval is a conditional loan approval from a lender based on your application. Pre-approval differs from pre-qualification, which is a verbal exchange with a lender about how much you can probably afford. Pre-qualification does not obligate the bank to make the loan, whereas a pre-approval is a conditional loan commitment. Final approval is made when both your finances and the property pass review.
  • Close the deal faster
    Lining up your mortgage loan before you start house hunting could make buying your new home quicker and easier. A pre-approval can speed closing because most of the paperwork is already in place for the loan. You have already started to learn about the financing process, and any problems will have been resolved.
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SEARCH Quick Checklist For Finding The Perfect Home
MOVE UP 4 Smart Strategies For Purchasing Your Next Home
SETTLEMENT Secrets To An Easy Contract Closing
LOCATION The Most Important Questions Every Buyer Should Ask
FIRST TIME How To Buy The Most Home For Your Money
NEGOTIATE How To Buy The Home You Love At The Price You Want
HEALTHY HOMES The Top 10 House Maladies To Avoid
PLAY SMART Savvy Tips On Buying A Vacation Home
TIRE KICKING Secret Tests To Check A Property’s Condition
INVEST YOUR RENT Why Pay Your Landlord’s Mortgage
 
       
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