Getting the Green Light on Your Home Loan Approval

We Really Need to Know Your Qualifications Upfront

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It seems that nothings turns off a prospective home buyer faster than being asked the questions:  Have you spoken with a lender yet?

For some reason, home buyers become defensive when asked this question which seems a bit odd since they are in the market for a home, you’d think that they would want to know how much a lender would loan them for a purchase.

It’s very common for real estate agents to get the cold shoulder after asking this question of a buyer.  It’s not a matter of trust (although we don’t know them enough to trust them), but it’s merely a matter of having one’s financials in order so that when presenting an offer, the buyers presents from a position of strength.

Of course as a buyer’s agent, it’s our responsibility to look out for the best interest of our clients and be upfront with our customers as well.  However, calling a listing agent to schedule a showing, lying about a buyer being pre-qualified or pre-approved when asked “is the buyer is pre-approved……” well that’s not really apart of what we do. When I let the listing agent know that we don’t have a preapproval yet, s/he has every right to insist that only qualified or pre-qualified buyers be shown the home.

Not only that, but as a buyer’s agent, knowing what you are pre-qualified to purchase only helps me to help you find the best possible home for our money.  While conducting the home search, that precious tidbit of  information helps me to help you stay within budget.  You see, we may find a fixer upper for you, but based on the amount of your pre-approval/or pre-qualification, I’ll need to estimate whether your loan has room in it for repairs.

I could go on and on about the famed pre-approval letter, but we’ll go over all of that once we have our buyer consultation.  Once we have our consultation, you’ll be given a complete packaage containing all of the information you’ll need to make your home search a success with the least amount of hassle.

Now, about that preapproval letter.

 

Charita H. Cadenhead
Birmingham Alabama Realtor®
Direct:  (205) 527-1112
FaxL  (800) 496-7431

Comments or questions are welcome.

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  1. 4 beds, 2 baths
    Home size: 1,808 sq ft
    Year built: 1976
    Days on market: 249
  2. 2 beds, 2 baths
    Home size: 1,290 sq ft
    Year built: 2012
    Days on market: 252
  3. 2 beds, 3 baths
    Home size: 1,406 sq ft
    Year built: 1983
    Days on market: 252
  4. 4 beds, 3 baths
    Home size: 2,357 sq ft
    Year built: 1965
    Days on market: 252
  5. 3 beds, 2 baths
    Home size: 979 sq ft
    Year built: 1960
    Days on market: 253
  6. 3 beds, 3 baths
    Home size: 2,080 sq ft
    Year built: 1951
    Days on market: 255
  7. 3 beds, 3 baths
    Home size: 1,708 sq ft
    Year built: 1987
    Days on market: 258
  8. 2 beds, 3 baths
    Home size: 1,346 sq ft
    Year built: 1981
    Days on market: 260
  9. 1 bed, 1 bath
    Home size: 733 sq ft
    Year built: 1983
    Days on market: 261
  10. 3 beds, 3 baths
    Home size: 1,472 sq ft
    Year built: 1988
    Days on market: 261
  11. 3 beds, 2 baths
    Home size: 1,123 sq ft
    Year built: 1975
    Days on market: 261
  12. 3 beds, 2 baths
    Home size: 1,790 sq ft
    Year built: 1978
    Days on market: 261
  13. 2 beds, 2 baths
    Home size: 1,915 sq ft
    Year built: 2010
    Days on market: 262
  14. 4 beds, 3 baths
    Home size: 2,000 sq ft
    Year built: 1998
    Days on market: 263
  15. 4 beds, 3 baths
    Home size: 2,762 sq ft
    Year built: 1978
    Days on market: 265
  16. 2 beds, 3 baths
    Home size: 1,410 sq ft
    Year built: 1989
    Days on market: 266
  17. 2 beds, 2 baths
    Year built: 1972
    Days on market: 268
  18. 4 beds, 2 baths
    Home size: 1,914 sq ft
    Year built: 1963
    Days on market: 268
  19. 4 beds, 3 baths
    Home size: 2,406 sq ft
    Year built: 1952
    Days on market: 268
  20. 2 beds, 2 baths
    Home size: 1,492 sq ft
    Year built: 2005
    Days on market: 271
  21. 2 beds, 3 baths
    Home size: 1,430 sq ft
    Year built: 1981
    Days on market: 272
  22. 7 beds, 5 baths
    Home size: 3,263 sq ft
    Year built: 2005
    Days on market: 272
  23. 4 beds, 5 baths
    Home size: 3,661 sq ft
    Year built: 2003
    Days on market: 272
  24. 3 beds, 2 baths
    Home size: 1,224 sq ft
    Year built: 1974
    Days on market: 273
  25. 3 beds, 2 baths
    Home size: 1,387 sq ft
    Year built: 1974
    Days on market: 277
  26. 2 beds, 1 bath
    Home size: 955 sq ft
    Year built: 1964
    Days on market: 277
  27. 4 beds, 4 baths
    Home size: 2,680 sq ft
    Year built: 1978
    Days on market: 277
  28. 5 beds, 4 baths
    Home size: 3,340 sq ft
    Year built: 1998
    Days on market: 278
  29. 3 beds, 3 baths
    Home size: 1,812 sq ft
    Year built: 1976
    Days on market: 280
  30. 3 beds, 3 baths
    Home size: 1,650 sq ft
    Year built: 1960
    Days on market: 280

See all Home For Sale in Metropolitan Birmingham.
(all data current as of 12/15/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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