How to Get Sellers to Take Your Offer Seriously

Why getting pre-approved can make the difference between getting your dream home and missing an opportunity

Getting pre-approved for a mortgage is one of the first and most important steps when looking to buy a new home. When you are pre-approved, you know how much money a lender is willing to lend you. It’s also a great way to show sellers that you’re a serious buyer who can afford the home. It’s important to get pre-approved early to save you from major headaches later on.


So what is a mortgage pre-approval and how does it Work?



A pre-approval letter will show the home loan amount that a lender would be willing to lend you.


This is great for two reasons.


  1. You will have an accurate idea of how much you can spend on your home, saving you the wasted time of looking at homes out of your price range.
  2. Sellers will be more likely to accept your offer since you can prove that a bank is willing to lend you the money.




You may have heard of a pre-qualification before. Many people think a pre-qualification is the same thing as a pre-approval. IT ISN'T!


A pre-qualification doesn’t require the same verification of income and financial stability that a pre-approval does. A pre-qualification can still be helpful to estimate of how much you can afford, but it doesn’t carry much weight when trying to convince a seller that your loan will go through.


A mortgage pre-approval requires you to submit documentation to verify your income, savings, and overall credit worthiness. To be pre-approved you must go through most of the process of securing the final loan. This typically speeds up the loan approval process and makes the home buying process much easier on you and the seller. This, of course, assumes that nothing has changed from the time you got pre-approved to the time when you actually apply for the loan.


Once your pre- approved, you are well on your way to finding AND GETTING your dream home. Click here and we'll show you what it takes to get pre-approved and how to do it.


Download our loan application checklist to help you gather everything you'll need. Just click here.


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"Remember, who you work with makes all the difference"


The Critchfield Group

121 E. Election Rd,

Draper, UT, 84020


The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2016 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Conspicuous display of the following: Information deemed reliable but not guaranteed accurate. Buyer to verify all information.