Imagine finding the Surprise AZ House property of your dreams, only to have your loan application denied. Countless hours spent searching, not to mention your emotional investment, all wasted. This can be an incredibly disheartening experience.
To prevent this from happening, the first thing your real estate agent will have you do is get pre-approved. Pre-approval lets you know exactly how much you are able to afford.
Pre-approval offers you strong negotiating advantages by increasing your buying leverage. It lets the seller know you are ready to buy. When faced with several offers, a seller often accepts the one submitted by a pre-approved buyer, even if the offer is less than the others. This is due to the fact that pre-approval is the next best thing to cash-on-hand. It also allows you the opportunity to close quicker, which can be very attractive to a seller.
For these reasons, pre-approval is an intelligent and advantageous option for prospective homebuyers. Contact your Surprise AZ House real estate professional for more information.
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