Preapproval - Know Before You Go!

Before you see any homes, complete this IMPORTANT step.

I have a friend who puts it like this, "You never show a bride-to-be a dress she can't afford. If you do, even the best dress in her price range will look bad." Wise words! Before you see any homes, make sure that you know what you can afford. All you have to do is get with your bank or lender to run the numbers and they'll tell you how much home you can finance. Then it's time to go shopping.

Afterall, the purpose of seeing a home is to submit an offer. Did you know that all offers need to be accompanied by a Preapproval Letter? This letter is provided to your real estate agent by your lender. It shows the seller that as a buyer,  you have the financial means to close the deal. Without it, sellers won't consider your offer and if falls to the bottom of the pile...if not straight into the trash bin.

It's easy to get prequalified. Call your bank or lender (I can connect you with one if you need), tell them you want to buy a home and provide the following documents:

• 2 year's W2s
• 2 year's tax returns
• 2 month's bank statements   

If you don't have a lender, contact me and I can match you up with one.

Tomdiaz@kw.com or text/ call me at (210) 868-0656........Let's get you that home!