Do You Need A Pre Qualification To See Homes

Do You Need A Pre Qualification To See Homes

More and more I find myself running into buyers who want to see homes without taking the proper steps. Buying a home is one of if not the biggest purchase most will ever make in life and not being prepared is a recipe for disaster. No one should ever go into a real estate transaction unsure of all of their financing options and proper disclosures that are in place to protect and give knowledge to the buyer. Any realtor who shows homes to their client without a pre qualification is doing a disservice to their clients. 


Imagine being shown a home that you are just in love with and it's perfect to you in every way. Depending on the current market you could only have maybe less than an hour or even thirty minutes to get your offer in. Would you really make a rushed decision and call a random lender to get pre qualified? How do you know your getting the best rate? Do you have a full understanding on the loan type you're going with? By the time you get around to talking with a lender, providing documents and getting your offer in it's to late. The house you fell in love with now belongs to someone who took the time to get prepared in order to take action. A listing agent that is knowledgeable will educate their clients only to consider offers with assurance that the buyer has the ability to close.


Or how about again finding the home that is perfect and not being able to qualify for the loan. Even if you own a home and have equity you still need to make sure you're taking the right steps. Do you need to sell your current home before buying another? Do you have a game plan in place to sell your current home? Do you know what your home is worth? What's the market like in your area? It's possible to sell a home that is contingent on the sale of a property but depending on the market the seller way want to see that you have a buyer for your property first before accepting your offer. 


There are so many other scenarios that should make you consider getting pre qualified before driving around to home shop. Everyone's situation is different and you can save yourself a ton of trouble and headache nightmare situations with a pre qualification.  Any realtor can send you homes but it takes a true professional to make sure that you have taken the right steps needed in order to be victorious. 


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Michael Tarver Headshot
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Phone: 602-390-2801
Dated: January 20th 2018
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