#1 Sellers forget about washing the outside of their home. This is the first impression buyers get when they arrive at your home. Have the outside power washed and the windows cleaned
The Importance - and Benefits - of Pre-Approval
You’ve found the neighborhood you want to live in, have an idea of the style you’re looking for, and you are ready to start looking in earnest. However, before you start, there is a step that can help make the search productive, in more ways than one.
There are many benefits to obtaining mortgage pre-approval. Both you and your realtor will know what you can truly afford, which will keep you focused on looking at homes within your budget. Without the reality check provided by the pre-approval process you might find yourself wasting time and effort looking at homes way beyond your reach.
When you do find a home you really like, Sellers are more apt to accept an offer from a pre-approved buyer. It may even put the buyer in a position to negotiate a better deal. Also, having done much of the “legwork” already, the pre-approval process may in itself lead to an efficient, faster closing.
You’ll have researched lenders, how competitive their rates are, the types of mortgage products they offer, etc. You’ll have assembled and submitted much of the financial information and documents required.
A word of warning, though! Once you’ve obtained your pre-approval, don’t do anything that will change your financial picture. Something like opening up new credit cards, or a store charge to buy new furniture, can change your circumstances enough to ruin a closing!