Pre-qualification is one step you can take to make your home buying process go a little bit smoother. That is why one of the first items of business to get squared away when you are in the home buying process is: financial pre-qualification.
Some people might think this is only relevant if you are planning to mortgage your home, but that is not the case! Regardless of whether you will be paying cash for the home or securing financing with a mortgage, this is a topic you will need to discuss with your representation in advance.
- The reason pre-qualification is important is that it sets you up for success when you are ready to put an offer in for a specific home.
With pre-qualification, your real estate agent will be prepared to write an offer for you that includes proof that you have the financial ability to fulfill the transaction. This puts you at a major advantage in the home buying process, because buyers love to see this in an offer letter.
**Want to learn more about Pre-Qualification? Click below to get started –