Want to buy a home this 2019? Here’s what to do right now
I had a former coworker call me a few weeks ago. She isn’t local anymore. Nevertheless, she wanted to touch base because she was ready to put an offer on a home–to buy a home–in another part of the state. This former coworker had done all of her research and wanted to buy a property immediately. However, she hadn’t been pre-qualified by a lender. Actually, she had been pre-qualified a few years back, but she hadn’t been pre-qualified lately.
Whether you are a local homebuyer or a homebuyer in another part of the United States, you definitely need to secure lender pre-qualification (or even pre-approval) before shopping for homes for sale or before writing an offer. Of course, that’s not the case if you are paying cash for the property that you want to purchase.
A pre-approval or pre-qualification from two years ago is not going to do the trick when you are buying that home in San Diego County. Lender programs and guidelines change all the time. Additionally, a buyer’s personal financial situation is always changing as well. Both of these factors make it necessary to continually be updating that pre-qualification or that pre-approval. Lastly, and probably the most important thing, is that you are competing with other buyers. If two people place an offer on the same home at the same price, the sellers will probably look a whole lot more favorably at the buyer with the letter from a lender. That’s because the seller will have proof positive that the buyer is ready, willing, and able to close.
My team at Broadpoint Properties can provide you with the names of some professional lenders whose programs may meet your personal needs. Since agents are constantly working with lenders to get deals closed, a real estate agent is a great source for a lender referral.
Once you have been pre-qualified or pre-approved, then it is time to begin exploring properties available for sale. And, that’s the funnest part of the process. So, if you are considering buying a home, please call the agents at Broadpoint Properties to get the ball rolling.