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The Power of Prequalification

Friday, August 5, 2016   /   by Jessica Humbert

The Power of Prequalification

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When buying a home (especially in a seller’s market like Columbus, Ohio!) it is important to be ready to make an offer at a moment’s notice. In order to compete in the market and have sellers take you seriously, you’ll need proof that you have your financial ducks in a row with a prequalification letter.

Your Hart Property Advisors Real Estate Agent should have a handful of established local lender contacts and can help you advise which bank may be your best starting point. When applying for prequalification the lender will take look into your financial standing in order to assess the loan amount you qualify for. This checkup will serve as the ground point for your entire home search!

Benefits of Getting Prequalified:

  1. You will have a better understanding of what price range your search should be in
  2. You will be able to schedule private showings
  3. You will experience a smoother bidding process
  4. You will have a leg up on other potential buyers
  5. Home sellers will perceive your offer as more attractive and trustworthy

By arming yourself with a prequalification letter you can avoid the heartbreak of falling in love with a home that is not within your means or losing out to a more qualified buyer.

The search for a new home is stressful enough—contact the Hart Property Advisors team today for additional information and tips to find the perfect home for you in the Columbus, Ohio area!

Keller Williams Premier Realty
Kevin Hart
3111 Columbus Street
Grove City, OH 43123
614-571-1902

Courtesy of IMPORTANT LEGAL NOTICE AND DISCLAIMER: The information contained in this web site is provided by the listing agent or broker for the sole purpose of consumers' personal use and to assist consumers in identifying properties for potential purchase. This information is deemed to be reliable, but is not guaranteed. You should independently verify the information regarding property that interests you. Neither the listing agents/brokers nor Keller Williams Realty, Inc., shall be responsible for any typographical errors, misinformation, misprints or other mistakes. This information is subject to change without notice. All properties are subject to prior sale, change or withdrawal without notice. You should know that, given the volume of listings, delays in removing or posting listings, in correcting misinformation, or in supplementing information on this web site are inevitable. If you have an interest in certain properties, then please confirm their availability and facts as soon as possible. Neither the listing agents/brokers nor Keller Williams Realty, Inc., make any express or implied warranties for any of the information provided herein to a potential purchaser of a listed property or any consumer. Copyright 2020, Keller Williams Realty, Inc. All rights reserved.
IMPORTANT LEGAL NOTICE AND DISCLAIMER: The information contained in this web site is provided by the listing agent or broker for the sole purpose of consumers' personal use and to assist consumers in identifying properties for potential purchase. This information is deemed to be reliable, but is not guaranteed. You should independently verify the information regarding property that interests you. Neither the listing agents/brokers nor , shall be responsible for any typographical errors, misinformation, misprints or other mistakes. This information is subject to change without notice. All properties are subject to prior sale, change or withdrawal without notice. You should know that, given the volume of listings, delays in removing or posting listings, in correcting misinformation, or in supplementing information on this web site are inevitable. If you have an interest in certain properties, then please confirm their availability and facts as soon as possible. Neither the listing agents/brokers nor make any express or implied warranties for any of the information provided herein to a potential purchaser of a listed property or any consumer. Copyright 2020, . All rights reserved.
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