Are you ready to make an offer today?
For many years, it has been my personal and office policy to not show homes to prospective buyers who have not been to a lender and been pre-approved for a loan. Not only is it a waste of time for the buyer and the Realtor, but it is often quite frustrating for the potential buyer if they later find they can’t qualify for as much as they thought they could. And if you’re looking at houses without seeing a lender first, then there is a question as to whether or not you are motivated to buy a house now.
If you view houses worth $250,000 and then find you can only afford a home for $225,000, the difference in the available homes in your new price category is usually sub-par to what you’ve been looking at, and nothing is as good as what you saw in the higher price bracket. Trust me on this one, get pre-approved.
But let’s say you’re pre-approved and you want to look at homes. Before you get too excited, ask yourself one question to determine your true motivation status: If we find your perfect house today, are you ready to make an offer? If you can honestly answer that question with a resounding “yes,” then you’re well on the way to being a new homeowner.