Don't Be Fooled By Pre-Qualification Letters
Good Monday Morning! With a more active Real Estate Market here in the Eugene and Springfield area, we are seeing offers much more frequently on homes for sale than we did over the past several years during a slower market time. This does not mean that all offers are created equal. Even today, there are many buyers out there that just cannot qualify for home fiinancing and are making offers based on poor information from their lender. Many of these buyers even have letters of pre-qualification from their lender. Don't be fooled by pre-qualification letters. These are just letters that state that based on the initial information given to the mortgage broker the buyer is qualified to purchase. Many times after these buyers get into contract and all of their information is actually sent to the underwriters for approval, things change and it is not always for the good. If you are selling a home and you have an offer on your home, make sure that your buyer has an actual loan approval letter. This means that the buyers financial information has already gone to the underwriters and was approved. This is not 100% fool proof, but it is a much safer bet than a simple lender pre qualification letter. Have An Awesome Week! THIS WEEKS HOT HOME LISTING! |
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Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-August-2013 |
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86453 Greenbriar Dr
A Luxurious Oasis! Panoramic view of Fern Ridge, Coast Range, Sunset and Sunrise. Gated, privacy and a one of a kind home make this property exquisite! Spacious great room with 32ft vaulted ceiling & fireplace, 10’ ceilings and 8’ doors,...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
