Articles Tagged "Pre-approval process"
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23
Why Real Estate Agents Ask if You're Pre-approved
If you've been house hunting for any amount of time, there's a good chance you're all too familiar with the process. You find a few homes, meet the agents, and shake some hands. The conversation moves on to the type of homes you like, the type of neighborhood you're looking for, and maybe even making preliminary plans to visit an open house.
But before things get too far, you get the question that every experienced real estate agent asks of new clients: Are you pre-approved for a mortgage?
For some home buyers, the question comes as a shock. Aren't you supposed to be the one evaluating which real estate agent you want to work with? As it turns out, there are some very good reasons that your real estate agent asks about pre-approval.
