Here’s Why You Need a Pre-Approval Letter Ready

Nov 16, 2022 | Buyer Tips, Real Estate

Here’s Why You Need a Pre-Approval Letter Ready

As you may know, the real estate market is very fast-paced and extremely competitive for buyers right now.

In fact, many listings are selling in multiple offers. Sellers are receiving competitive offers from several buyers at the same time, and they all include pre-approval letters for financing or proof of funds for cash offers.

If you want to win the bid to buy your dream home, you have to be ready with a pre-approval letter or proof of funds. In most cases, you won’t have time to get these documents together after you find your dream home, because you may only have a few hours to submit your offer.

If you have any questions about how to get pre-approved for financing or how to obtain a proof of funds letter, click the link to schedule a call.