Purchasing a home is a significant goal for many people. There is nothing that feels better than signing that paperwork, moving in your belongings and turning a house into YOUR home. The current economic climate has turned most areas of the country into a seller’s market. That’s great when you are selling, but if you are looking to buy a place and make it your home, it can be tough. It may seem like every home you are interested in is snatched up by another buyer. If this is a worry for you, it may be time to take the one action that you can to improve your standing in the eyes of a seller—get pre-approved.
Why does it matter?
When a seller is faced with several offers, the offers that have pre-approval attached are much more appealing. The reason for this is that when the deal is negotiated, then the seller will only have to wait for simple issues like the inspection—without worry that your financing will not be approved. There can be nothing more frustrating to a seller than to have everything lined up and find out the buyer cannot get approval for the loan. It may cost the seller several weeks as they will then have to line up another buyer. Because of this, many real estate agents also nudge clients to take the offer with funding already in line.
If you are ready to buy and want to put yourself in the best possible position to have your offer accepted, reach out to us at First Liberty Financial Mortgage in Nashville, Tennessee today. We will work with you to determine what it takes to get you pre-approved so you can walk into negotiations with your financing in hand. The home of your dreams is closer than you may think!