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2 Reasons To Get Pre-Qualified – How To Buy A Home In Tucson
Today, I’m going to give you two solid reasons why you need to have a proof of funds or a pre-qualification letter before you go out searching for homes
So many people out there get their home buying process off on the wrong foot. Right now, I'm going to show you exactly the right way to do it. And I'm going to give you two really good reasons for getting your loan pre-qualification done.
First reason to get your loan pre-qualification and proof of funds in order before you go out searching for homes is that this establishes your price point. The last thing you want to do is to go out and find your dream home, only to discover that it's not within your budget. Unfortunately, I've had some clients that did just that, and they were absolutely devastated. They should have checked on some of the Tucson Real Estate Market Trends I posted to gain some clarity about the overall market...
Imagine going out and thinking you're getting ice cream, only to discover it's a lemon, and that would just leave a totally sour taste in your mouth. That's exactly what happens when you don't get your loan pre-qual and you go out searching for homes.
The second reason to get your loan pre-qualification out of the way is that in Arizona, a proof of funds letter or a loan pre-qualification letter is required in order for you to place an offer on a property. So that just means if you don't have that letter you can't place offers and you can't buy the home in the first place.
If you follow this advice, and you get your financing out of the way in the beginning, it'll make your entire buying process less stressful and may even seem easy.
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Great content! Keep up the good work!