IT’S NEVER A GOOD IDEA TO SERIOUSLY LOOK AT HOMES WITHOUT PREAPPROVAL!
Clearly, we all love homes, and when you are actively looking at homes to purchase, doing so without pre-approval just adds to the frustration.
Here’s why:
In a market with limited inventory, when you find your dream home, you want to be able to make a strong, compelling offer. This is the house you want!
Chances are that there are others out there looking at the same home, and they are ready to make an offer. Because time is of the essence, putting together an offer without preapproval puts you in a very bad position, and, most likely, you will miss out on your home.
Plus, your preapproval may be strong enough for you to place an offer as if it were an all-cash deal.
We do not recommend making an offer to purchase a property without finance pre-approval. If you find yourself in this position, please contact us and we would love to help you. We have many corporate partners who are specialist brokers who can lead you in the right direction.
