Why You Should Be Pre-Qualified Before Looking for a Home


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When I am working with buyers, I often get the same question: should I bother with pre-qualification before we start looking at homes? I usually encourage my clients to go through the pre-qualification process for several reasons:

Know the Details

Pre-qualification will give you the confidence to know what to expect in terms of monthly payments. Also, you need to know what you can afford so that you are looking at properties within your price range.

Be Ready to Make an Offer

If you are already pre-qualified, then you are one step closer to being ready to buy a home. This process will help you avoid delays. When you find the right house, you have the option to make an offer right away because the pre-approval is already in hand. Most agents will require a pre-approval letter before the offer is shown to the sellers.

Sellers Will Take You Seriously

You can share the pre-qualification in your offer to help the buyers see that you are serious about buying the home. Some seller’s agents will even require a copy of the pre-approval letter before they will schedule an appointment for a showing. Not having this letter could be a barrier to entry that makes it hard for you even to see certain homes that you are interested in buying.

People don’t want to feel like you are wasting their time, and a pre-qualification proves that you are a serious buyer. Provide the document before they ask so that you can show that you are familiar with the process and ready to buy when you find the right property.

Feel free to reach out anytime if you have questions about real estate. I am here to help with anything that you need. I have great referral partners that I can provide so that you can get the pre-approvals that are necessary before buying a home. I always take excellent care of all my clients! Call, text, or email me to learn more how I can help here in the Temecula real estate market: (951) 473-0390 or [email protected]