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Benefits of getting pre-approved

Benefits of getting pre-approved

Date: 2016-04-29
When you are ready to find a home, the last thing you want to do is limit your possibilities.

You would be totally disappointed if you found the perfect place, only to learn that you didn't qualify to buy it.

If you start off by getting pre-approval, you can sort by price, identify the right neighbourhoods and find your dream home much faster.

Only a bond originator can:

* Apply to all Banks

* Obtain quick feedback from all Banks

* Obtain the best bond in the shortest possible time

* Obtain comparative and competitive interest rates

* Obtain up-front credit checks

Here at Prime Property we have an in house bond originator who will be able to pre-approve you with the earliest feedback

* ONE Consultant = FOUR or more banks

* ONE set of documents

* ONE interview

* ONE source of feedback

If you are tired of paying rent and somebody else's bond...it is essential to be prepared before you start looking at properties. Most buyers start out by browsinghomes for sale onlineto get an idea of what neighbourhoods and housing styles they like. If you don't know what you can afford, you may be looking out of your price range and wasting your time. You may also be looking below what you would have qualified for and not getting the right home for you, she says.

If you start off by getting pre-approval, you can sort by price, identify the right neighbourhoods and find your dream home much faster.

Also, the bottom line is that agents prefer to work with home buyers who have been pre-approved for two reasons: firstly, an agent knows the deal isn't likely to fall through, and secondly, when they know what you want and what you can afford, they areable to do a better job of finding your dream home.

If you havepre-approval, the agent would know exactly what to focus on and would be able to suggest different neighbourhoods, sizes and conditions of homes to match your needs, making it easier to get you what you want.

Once you find the perfect home, the next stepcan go two different ways depending on a pre-approval. If you're not pre-approved and you find a home you want to make an offer on, you're taking a gamble on losing that dream home, as some sellers only want to deal with pre-approved buyers.

Call Prime Property today to get pre-approved and know exactly what you can afford.