Make moving into your dream home a reality! You want to look for your new home to be a stress-free and fun process, so begin the prequalification process as soon as possible. Here are three reasons why a pre-qualified mortgage is an important first step in your home buying journey.
1. Know your Price Range:
Shopping for a new home can be a big undertaking, and it’s easier to find what you’re looking for if you know your price range. You may qualify to borrow more money than is within your budget—don’t feel pressured to spend more, simply limit your search to houses that are comfortably within your price range. Moving is expensive, so don’t forget to factor in other expenses as well as the cost of the home.
2. Show that you’re a Serious Buyer:
Ready to put in an offer on a house? Great! Getting prequalified shows home sellers that you’re serious about the purchase and able to secure a mortgage. Prequalification verifies your credit and financial stability, which shows commitment and that you’re more likely to follow through with the purchase. This is extremely valuable in a competitive market.
3. Give yourself Room to Negotiate:
A pre-qualified buyer can have the upper hand when it comes to negotiations. Sellers are more likely to make compromises if it means a guaranteed sale of their home. Prequalification gives you more wiggle room to request repairs or improvements, and your mortgage pre-approval can strengthen your offer.
Move into your perfect Abode with Ease:
Prequalification is just the first step of many on the home buyer’s path. Next, cross the work of packing and moving your belongings off your list. We provide a free visual estimate for your move—just give us a call at (702) 381-1200 or drop us an email at [email protected].
