Are you ready to stop renting and buy a home?

                                         

Are you ready to stop renting?  

Are you ready to stop dreaming and purchase a house of your own?  

Do you have enough money saved?

Once you decide that you are in the market for a home, you need to talk to a professional who can help you navigate the process.   Hiring a Realtor like me will help you with searching for a home, negotiating an offer, working through inspections, getting you to the closing and into your dream home. 

The first part of the process is obtaining a pre-approval letter from a lender.  Then you’ll know what you can comfortably afford.   This will not only define what your price range is and explain your loan options, but provide you with one of the documents needed when submitting an offer on your house.   Now the search begins.

Start thinking about features your dream home should have, and make a list:   Are you trying to buy near your office?   Do you want a certain school district?   How many bedrooms and baths?  Do you want a swim and tennis neighborhood?  Do you need a fenced or level yard?  Do you need a terrace level or basement?  What size house are you looking for?  

No matter what your needs are, I can help you with all your real estate needs.  

Visit me, Pam Santoro at http://www.pamsantoro.com/ or contact me at: 678-656-6627.

No One Sells a Home Like a Mom!  

The Importance of Getting a Home Loan Pre-Approval from a Lender

Why do top real estate agents ask for a home loan pre-approval letter before showing houses to prospective buyers? There are several reasons why. First, buyers who have secured pre-approval for home loan have distinct advantage over those who don’t have one. Securing this precious document strengthens their negotiation ability since buyers with mortgage pre-approval have already proven their ability to obtain financing.

In addition, a mortgage pre-approval provides a specific purchase price buyers qualify for. This prevents prospective home buyers from wasting their time and experiencing disappointments as a result of not being able to afford the house they want.

Why Should You Get a Home Pre-Approval Letter Before House Hunting?

A pre-approval letter assures the seller that you are a serious buyer. Unlike being pre-qualified which merely means that you have been initially screened by a lender, securing a home loan pre-approval letter provides a guarantee that after processing and verifying your current credit history, income, assets and liabilities, the lender has found no issues and will be funding your loan in the next 60 days.

The same document also inspires your real estate agent to work harder to help you in your house hunting efforts since he or she knows that you will be buying a house once you find what you’re looking for.

Obtaining a pre-approval for a home loan also helps speed up the closing process. Pre-approved buyers close quicker than pre-qualified buyers since most of the background checking has been completed even before an accepted offer on the property has been obtained.

However, please understand that the issuance of a home loan pre-approval letter is not a guarantee that the funds will be released. There are certain conditions that must be met before the process can be completed. Specifically, you need to:

• Find a property and have a satisfactory appraisal done. The property must be worth what the buyer and seller agreed to and that there are no bank-required repairs.  
• Exhibit continued creditworthiness.
• Provide proof of an acceptable home inspection.

For more valuable tips on selling or buying a home, please visit my site at http://www.pamsantoro.bhhsgeorgia.com/. You can also contact me at 678-656-6627 if you have any questions about local market conditions, financing or anything that can help you with in your search for real estate. Remember, no one sells a home like a Mom! 

Photo courtesy of phasinphoto at freedigitalphotos.net.