BEFORE you start
visiting homes for sale visit your
banker/mortgage lender and ask for a
You and your
banker will determine the amount of loan
your bank is willing to approve and the
price range of homes you qualify for. It is
a waste of time for you (and the Prospective
Seller) to tour a home when the prospective
Buyer is not
for a loan.
We have known of
cases when a Seller signed a contract with a
Buyer who had not been pre-approved. The
home was effectively "off the market" while
waiting for the Buyer to search for
financing only to discover weeks later the
Buyer was unable to qualify for a loan.
letter in hand ALWAYS call for an
Appointment to tour a home for sale. Sellers
will ask to see your Pre-Approval
Never just show
up at the door unannounced. Most homeowners
need time to "straighten up" and "clean up"
before allowing visitors in. It's common
Good luck on your "For Sale By
Owner" home buying ... It is easy to do and
financially well worthwhile.