Sunday, January 10, 2010

1. Get Pre-approved for a maximum purchase price before looking at any homes.

The last thing that
you want to happen is to find your dream home, then make an offer that is accepted — only to find out that
there is some error on your credit report that will take more time to correct than allowed by the contract sale
date. You want to start looking for homes with the assurance that you are already pre-approved to buy at a
certain price limit, so you can negotiate with confidence. Also, many Sellers won't accept an offer from a Buyer
that has not already been pre-approved, and you can easily lose a home that is in demand when you have to
get pre-approved and other buyers that are interested are already preapproved and ready to buy.

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