Many folks are going about the home finding process backwards. They go through the entire process of searching, evaluating, and writing an offer on their home, WITHOUT being financially prepared.

Doing a few things up front, BEFORE you go searching, will save you a lot of money, time and hassles. What are those things?

First, find a MOTIVATED lender. One who represents many different products, and can offer you many options for making your loan most affordable.

Here’s an important tip: Ask your REALTOR to refer one or two lenders to you. Why? Because your agent has influence over lenders because they send lots of clients. It’s not just YOU alone talking to them.

After all, your REALTOR and lender both want to see the transaction close. There’s power in numbers and influence. Use it to your advantage.

Now, what you want to do is GET PRE-QUALIFIED with a lender. Better yet, try to get PRE-APPROVED.

Why?

Because the first question any home seller will ask when an offer is presented is “Is your buyer approved for a mortgage?”

And rightfully so! The seller doesn’t want the deal to fall through because you couldn’t get financing. When they accept your offer, their home comes OFF the active market. If you fall through, it costs them time and money.

If your looking for a new or re-sale home in the Triangle area of North Carolina. Please contact Jeff Dicks of Keller Williams Realty.

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This entry was posted on Tuesday, May 24th, 2011 at 10:13 am and is filed under Cary Homes For Sale, Cary Real Estate, Heritage Wake Forest, North Carolina Golf Communities, Raleigh Homes For Sale, Raleigh Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.