There are many reasons Real Estate Agents want you to get pre-qualified with a lender before we take you out to look at homes.
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A lender can give you the EXACT price range you will need to stay in for the monthly payment you want to be in.
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Lenders can also give you the loan type options that you will qualify for. Example: You qualify for a USDA Loan. But did you know we can only use USDA Loans in certain areas? Once we know a price range and loan type, we can narrow down areas to be looking for your new home in.
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Safety- As Real Estate Agents, you must understand that we get calls from all sorts of people wanting to immediately see a property. Brokerages have safety protocols that state we must know if they are a qualified buyer before going out and showing the property to random people. If we know that you took the time to talk to a lender and have a qualification letter you can show, we know you’re serious.
Real Estate Agents only get paid unless they help you Buy or Sell a property. We must assume that if you are not willing to take the proper steps to purchase, you aren’t serious about Buying.
The more you know…
