How to Make Quicker Home Buying Decisions

Affordability is shaky right now, and so, when a lower-priced home comes on the market, it’s going to go lightning fast. The question is, how can you move faster? You’ll need to be on your toes and make an offer when the right home comes along. And unless you’re buying cash, you’ll need to prove that you can close quickly as well. 

The answer to making quicker home buying decisions? Guaranteed pre-approvals. 

Confidence = Quick 

Behind the ability to decide to put in an offer quickly is confidence. Confidence that the home is affordable, that financing will go through, etc. Guaranteed pre-approvals are a great source of confidence. Unlike your typical pre-approval, in which a mortgage banker reviews credit, income, and assets and issues a price, guaranteed pre-approvals are underwritten. All they need is an address and a locked interest rate, and then they become a mortgage. 

In other words, you will know before the offer stage that you can, in fact, afford the home, and if there are any issues with obtaining financing, they’ve already been resolved. 

Quicker Offer Acceptance

To decide to make an offer quickly is one thing. Getting the seller to accept the offer just as fast is another. Luckily, guaranteed pre-approvals inspire confidence on both the buyer and seller sides. The seller will know that you already have a loan; all the seller needs to do is say yes, rather than wait for a stronger offer to come along. 

Not to Mention… 

There are even more benefits to a guaranteed pre-approval than just the ability to move quickly. They make the closing process virtually stress-free; you could end up locking in a slightly lower interest rate, and there’s increased potential for nothing but confident smiles from start to finish! 

If buying a home is on your to-do list, fill out our pre-approval form today to start a conversation about your guaranteed pre-approval!