Why would my REALTOR require me to be pre-qualified before showing me homes?
First of all, getting pre-qualified lets your real estate agent know that you are a serious buyer, therefore she is using her time effectively by helping people who truly need help finding a home. For the serious buyer, you need to get pre-qualified so that you will know what price range you need to be looking in. Why waste your time looking at a home that is beyond your price point? Not to mention….you may get your heart set on something that you cannot afford or set the standards too high and not be able to find something you like in your specific price range. Getting pre-qualified allows your Realtor to find you a home that meets your criteria and also your pocket book.
Next, think about the seller who spends countless hours preparing for showings, as well as the inconvenience of leaving their homes several times a week. The seller needs to feel secure that the agent is showing qualified prospects that could potentially purchase their home. This is huge a courtesy to the seller, although some sellers require that their homes only be shown to qualified buyers. Getting pre-qualified saves you, the real estate agent, and the seller time and energy that could be otherwise wasted.
How do I get pre-qualified?
Getting pre-qualified only takes about 10 minutes over the phone by answering some questions about your debt and income. Call me today and I will connect you with a lender that will meet your needs. I have worked with many and can recommend some wonderful loan officers to help you through the lending process.