Why Is It Important To Have A Pre Qual

Posted by Tom Crimmins Realty, Ltd. on Sunday, January 11th, 2015 at 10:32am.

HouseBuying a home can be long drawn out and stressful process. It is important to surround yourself with true professionals. Among these professionals are a real estate broker, an attorney, a home inspector and a mortgage broker.

Your first stop aside from maybe sitting with a real estate broker to make sure you feel comfortable and "hit it off" is to contact a mortgage broker to learn or verify your true buying power. Many naive buyers look at homes first and then worry about buying power. Wrong! Aside from not wasting your time, seller's time and real estate agents time - a buyer needs to pre qual from a reputable banking institution for various reasons:

  • You need to know true buying power
  • You need to know the monthly cost or expected budget
  • If you are not pre qual prepared you can miss out on an opportunity if the home of your dreams comes on the market and the seller goes with an already pre qualed buyer.

Contact our office and we can recommend our trusted professionals to help you with your real estate needs. Call us at 718-370-3200.

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