Why Get Pre-Qualified?
1. Pre-qualification acts as a dry run of the loan application process. The mortgage lender will use details you provide about your credit, income, assets and debts to arrive at an estimate of how much mortgage you can afford. The whole process may take only minutes or a few hours at most, and is free.
2. While a "pre-qual" is non-binding to the lender (because the information you provide has not been verified), it does serve as a good indication to potential sellers of your general creditworthiness.
3. These days most sellers will NOT accept an offer without at least a pre-approval letter, so if you are serious about buying this is the first step towards getting you in your new home.
Selling Your House: Here’s Why You Need A Pro In Your Corner! Selling Your House: Here’s Why You Need A Pro In Your Corner! | MyKCM With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional. Real estate agents are trained and experienced in negotiation while, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families. Here is a list of just some of the people with whom the seller must be prepared to negotiate if they decide to For Sale by Owner (FSBO): The buyer, who wants the best deal possible The buyer’s agent, who solely represents the best interests of the buyer The buyer’s attorney (in some parts of the country) The home inspection companies, which work for the buyer and will almost always find some problems with the house The termite company, if there are challenges The buyer’s lender, if the structure of the mortgage requires the sellers’ participation The appraiser, if there is a question of value The title company, if there are challenges with certificates of occupancy (CO) or other permits The town or municipality, if you need to get the CO permits mentioned above The buyer’s buyer, in case there are challenges with the house your buyer is selling Bottom Line The percentage of sellers who have hired real estate agents to sell their homes has increased steadily over the last 20 years. Let’s get together to discuss all that we can do to make the process of selling your house easier for you.