Why Having A Pre-Approval Is Key for Homebuyers in 2022

Why Pre-Approval Is Key for Homebuyers in 2022

With limited housing inventory, there are many more buyers active in the market than there are sellers, and it's creating some serious competition. As a result, bidding wars are still common and a pre-approval gives you an advantage if you were to get into a multiple-offer scenario, and these days it is very likely that you will. When a seller knows you’re qualified to buy the home, you’re in a better position to potentially win the bidding war. 

Every step buyers can take to gain an advantage is crucial when today’s market is constantly changing. Interest Rates are rising, prices are going up, and lending institutions are regularly updating their standards. You will need guidance to navigate these waters, so it is important to have a team of professionals such as a loan officer and trusted real estate advisor making sure you take the right steps so you can show your qualifications as a buyer when you find a home to purchase.

In a competitive market with low inventory, a pre-approval letter is a game-changing piece of the homebuying process. Not only does being pre-approved bring clarity to your home budget, but it shows the sellers how serious you are about purchasing a home.

home for sale in pleasant hill iowa
homes for sale in pleasant hill iowa
house for sale in pleasant hill iowa
condos for sale in pleasant hill iowa
condominiums for sale in pleasant hill iowa
Buy real estate in pleasant hill iowa
Sell real estate in pleasant hill iowa
buy a home in pleasant hill iowa
buy a house in pleasant hill iowa
buy a condo
buy a condominium
sell my condo
sell my condominium
buy a lot
sell a lot
sell land
buy land in pleasant hill iowa
list my home in pleasant hill iowa
list my house
list my condominium
list my condo
home prices
condo prices
condominium prices
local realtor in pleasant hill iowa
realtor near me
hire a realtor
real estate broker
real estate agency in pleasant hill iowa
real estate agent in pleasant hill iowa