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 three-quarter baths
    Home size: 1,850 sq ft
    Lot size: 7,000 sqft
    Year built: 1961
    Parking spots: 2
    Days on market: 3,449
    Walk Score®: 71
  2. 2 beds, 1 full bath
    Home size: 671 sq ft
    Lot size: 7,503 sqft
    Year built: 1957
    Parking spots: 1
    Days on market: 3,451
    Walk Score®: 66
  3. 3 beds, 1 full, 1 three-quarter baths
    Home size: 1,128 sq ft
    Lot size: 5,900 sqft
    Year built: 1949
    Parking spots: 2
    Days on market: 3,456
    Walk Score®: 68
  4. 2 beds, 1 full bath
    Home size: 1,064 sq ft
    Lot size: 3,850 sqft
    Year built: 1905
    Parking spots: 2
    Days on market: 3,463
    Walk Score®: 77
  5. 2 beds, 1 full bath
    Home size: 1,146 sq ft
    Lot size: 8,685 sqft
    Year built: 1939
    Days on market: 3,465
    Walk Score®: 66
  6. 3 beds, 1 full bath
    Home size: 1,338 sq ft
    Lot size: 2,496 sqft
    Year built: 1906
    Days on market: 3,468
    Walk Score®: 82
  7. 3 beds, 3 baths
    Home size: 3,200 sq ft
    Lot size: 7,900 sqft
    Year built: 1987
    Parking spots: 5
    Days on market: 3,469
    Walk Score®: 57
  8. 4 beds, 2 baths
    Home size: 2,179 sq ft
    Lot size: 6,700 sqft
    Year built: 1966
    Parking spots: 2
    Days on market: 3,471
    Walk Score®: 35
  9. 3 beds, 4 full, 1 quarter baths
    Home size: 3,971 sq ft
    Lot size: 5,994 sqft
    Year built: 1997
    Parking spots: 2
    Days on market: 3,471
    Walk Score®: 6
  10. 4 beds, 3 full baths
    Home size: 2,745 sq ft
    Lot size: 7,000 sqft
    Year built: 2005
    Parking spots: 3
    Days on market: 3,478
    Walk Score®: 0
  11. 4 beds, 3 full baths
    Home size: 2,234 sq ft
    Lot size: 6,969 sqft
    Year built: 1997
    Parking spots: 2
    Days on market: 3,493
    Walk Score®: 25
  12. 2 beds, 1 full bath
    Home size: 853 sq ft
    Year built: 1982
    Parking spots: 2
    Days on market: 3,493
    Walk Score®: 75
  13. 3 beds, 1 full, 1 three-quarter baths
    Home size: 1,326 sq ft
    Lot size: 4,280 sqft
    Year built: 1947
    Parking spots: 1
    Days on market: 3,494
    Walk Score®: 68
  14. 3 beds, 2 full baths
    Home size: 1,323 sq ft
    Lot size: 8,804 sqft
    Year built: 1923
    Days on market: 3,500
    Walk Score®: 72
  15. 2 beds, 1 full bath
    Home size: 1,332 sq ft
    Lot size: 6,647 sqft
    Year built: 2001
    Parking spots: 2
    Days on market: 3,502
    Walk Score®: 58
  16. 2 beds, 1 full bath
    Home size: 617 sq ft
    Lot size: 2,962 sqft
    Year built: 1924
    Days on market: 3,504
    Walk Score®: 65
  17. 3 beds, 2 full baths
    Home size: 1,213 sq ft
    Lot size: 6,000 sqft
    Year built: 1960
    Parking spots: 2
    Days on market: 3,506
    Walk Score®: 89
  18. 3 beds, 1 full, 1 three-quarter baths
    Home size: 2,314 sq ft
    Lot size: 9,150 sqft
    Year built: 1964
    Parking spots: 2
    Days on market: 3,512
    Walk Score®: 26
  19. 4 beds, 2 full baths
    Home size: 1,764 sq ft
    Lot size: 7,360 sqft
    Year built: 1954
    Parking spots: 2
    Days on market: 3,513
    Walk Score®: 63
  20. 4 beds, 3 full, 1 half baths
    Home size: 3,100 sq ft
    Year built: 2000
    Parking spots: 3
    Days on market: 3,519
    Walk Score®: 51
  21. 4 beds, 3 full, 1 half baths
    Home size: 3,600 sq ft
    Lot size: 8,000 sqft
    Year built: 2005
    Parking spots: 3
    Days on market: 3,524
    Walk Score®: 20
  22. 2 beds, 1 full, 1 half baths
    Home size: 950 sq ft
    Lot size: 10,776 sqft
    Year built: 1980
    Parking spots: 2
    Days on market: 3,525
    Walk Score®: 43
  23. 5 beds, 2 full, 1 half baths
    Home size: 3,400 sq ft
    Lot size: 5,000 sqft
    Year built: 2005
    Parking spots: 2
    Days on market: 3,527
    Walk Score®: 43
  24. 5 beds, 5 full, 1 half baths
    Home size: 5,000 sq ft
    Lot size: 10,200 sqft
    Year built: 2005
    Parking spots: 3
    Days on market: 3,530
    Walk Score®: 26
  25. 1 bed, 1 full bath
    Home size: 552 sq ft
    Lot size: 888 sqft
    Year built: 1957
    Days on market: 3,531
    Walk Score®: 92
  26. 5 beds, 5 full baths
    Home size: 5,000 sq ft
    Lot size: 43,560 sqft
    Year built: 2008
    Parking spots: 4
    Days on market: 3,533
    Walk Score®: 35
  27. 5 beds, 5 full baths
    Home size: 5,000 sq ft
    Lot size: 43,560 sqft
    Year built: 2008
    Parking spots: 4
    Days on market: 3,533
    Walk Score®: 57
  28. 5 beds, 4.5 baths
    Home size: 4,649 sq ft
    Lot size: 2.21 ac
    Year built: 1990
    Parking spots: 3
    Days on market: 3,533
    Walk Score®: 6
  29. 2 beds, 1 full bath
    Home size: 700 sq ft
    Lot size: 6,750 sqft
    Year built: 1952
    Parking spots: 1
    Days on market: 3,537
    Walk Score®: 52
  30. 3 beds, 2 full baths
    Home size: 1,700 sq ft
    Lot size: 1,263 sqft
    Year built: 2004
    Days on market: 3,538
    Walk Score®: 97

See all Home For Sale in Metropolitan Birmingham.
(all data current as of 5/29/2017)

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

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