When the real estate market is experiencing low supply with high demand, being intentional as a home buyer is incredibly important. As a buyer, there are multiple reasons why pre-approval can help you move forward in the home buying process. Essentially, being pre-approved means that a lender has examined your finances and determined how much home you can afford. This also lets your real estate agent know that your finances are lined up, and you are ready to purchase your home.

 

The Benefits to being Pre-Approved

 

1. Bargaining Power

It is quite common in today's market for there to be multiple offers on a listing. Being pre-approved lets sellers and their agent know that you are a serious buyer and are qualified to purchase their…

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