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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About Charita Cadenhead

Birmingham-Hoover Metro Area Real Estate
Charita Cadenhead is a licensed Realtor® in the State of Alabama since 2006, serving the Metro Birmingham market. In 2007, she founded Bham WIiRE (Birmingham Women Investing in Real Estate). Bham WIiRE consisted of women interested in real estate investing, but later the focus expanded to include all women interested in any aspect of the world of real estate. She is co-author of the book “Sell Your House Fast for the Right Price”, and has been featured on She is an avid blogger with nearly 1300 posts to date, including a great number of featured posts.

Whether you’re looking to buy real estate your sell your existing property, call or send me and email today, so we can discuss how I can best serve your Birmingham-Hoover Metro area real estate needs!

Exceptional Service Because You Deserve It!

Charita H. Cadenhead
Keller Williams Realty Metro North
Birmingham Alabama Realtor®
(205) 527-1112 – Direct
(800) 496-7431- Fax

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