Delaware County, Pennsylvania Real Estate Blog

Why Looking At Houses Before Speaking With A Lender Is Not Wise

Why Looking At Houses Before Speaking With A Lender Is Not Wise

(One scenario of a buyer looking before speaking with a lender and finding out their true buying power)

Real Estate Delaware CountyIt is finally Spring, the weather has warmed up and you want to get moving on your dream of buying your first house! 

You believe you have a good credit score since you pay your bills on time and you have steady income. But you only have a general idea of what you can afford, nothing definitive from a lender, no pre-
approval letter.

You are just bursting to start looking at houses!  So you start your search on line and begin to visit Open Houses to look at houses in person. 

At one of these busy Sunday Open Houses you fall in love with a house!  You want to buy it! You call the agent later in the day and say you want the house.  The agent tells you, "I have an offer in hand from another buyer, can you get me an offer in 24 hours?"

You scramble on Monday to get a pre-approval letter from a lender.

You finally find out your true buying power.....

You cannot afford this house....

You call the agent anyway and ask if they will take $30,000 below the asking price.

The agent says "sorry but the other buyer came in much closer to the asking price."

So now you have your pre-approval letter, but you were looking at houses beyond your means.  Now when you  look at houses you are disappointed, they just don't look very good....they don't appeal to you...you are discouraged.

Don't let this happen to you!  Don't set yourself up for disappointment by looking beyond your means.  GET PRE-APPROVED BEFORE YOU START LOOKING AT HOUSES!!

(Contact a Realtor® and Lender today - both steps are FREE!)

Why Looking At Houses Before Speaking With A Lender Is Not Wise

****************************************************************

Doug Durren and Gloria Todor, Realtors®, SRES® 

CENTURY 21 ABSOLUTE REALTY
512 Baltimore Pike, Springfield, PA 19064

GloriaTodor@Century21.com

Gloria 484-431-3686

610-328-4300 x131 Office

 Serving Delaware County, Montgomery County, Chester County, Pennsylvania & Surrounding Areas 

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Why Looking At Houses Before Speaking With A Lender Is Not Wise
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