* Don't Get "Pre-Qualified!

Get PRE-APPROVED!!




Do you want to get the best house you can for the least amount of
money? Then make sure you are in the strongest negotiating position
possible. Price is only one bargaining chip in the negotiations, and
not necessarily the most important one. Often other terms, such as the
strength of the buyer or the length of escrow, are critical to a
seller. In years past, I always recommended that buyers get "pre-
qualified" by a lender. This means that you spend a few minutes on
the phone with a lender who asks you a few questions. Based on the
answers, the lender pronounces you "pre-qualified" and issues a
certificate that you can show to a seller. Sellers are aware that
such certificates are WORTHLESS, and here's why! None of the
information has been verified! Oftentimes-unknown problems surface!
Some of the problems I've seen include recorded judgments, child
support payments due, glitches on the credit report due to any number
of reasons both accurately and inaccurately, down payments that have
not been in the clients' bank account long enough, etc.

So the way to make a strong offer today is to get "Pre-Approved".

This happens AFTER all information has been checked and verified. You are actually
APPROVED for the loan and the only loose end is the appraisal on the
property. This process takes anywhere from a few days to a few weeks
depending on your situation. It's VERY POWERFUL and a weapon I
recommend all my clients have in their negotiating arsenal.