Why Do Agents Ask About Pre Approval

Why Do Agents Ask About Pre Approval

Upon meeting a perspective buyer any real estate agent worth their salt should ask if the buyer has been pre-approved. Such a forward question may come as a bit of a shock, especially to the first-time home buyer.  Others may consider this a personal matter and may be a bit reluctant to share this information with an agent they’ve just met. Nevertheless, this question reflects common courtesy, professionalism and due diligence. So why is pre-approval the first step in the buying process? Just because a buyer can afford a mortgage payment, doesn’t necessarily mean they will qualify for the mortgage. Taking the necessary steps to work with a lender for pre-approval prior to the home shopping process sets the financial parameters needed for a real estate agent to provide the very best service to their buyer. Imagine finding your dream home only to discover you cannot qualify for the purchase?  A waste of time and energy for both the buyer and the agent, not to mention frustration and disappointment. You will also need pre-approval to make a serious offer once you’ve found your property.  In a market with multiple offers, your pre-approval will set you apart as a serious and reliable buyer. The very best real estate agents want to make sure from the get-go you are fully prepared and will invest their valuable time on serious buyers. Expect the best and expect to be asked. Well are you pre-approved? I’m glad you asked!


Mistake, Error, Question Mark, Fail


Lisa Handley Headshot
Author:
Phone: 612-390-6520
Dated: February 21st 2017
Views: 139
About Lisa: TEAM LEADER & Sales Manager for TC Specialists is LISA HANDLEY - 612-390-6520. Lisa is a native of M...

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