TODAY’S FEATURED PROPERTIES  

Did you know that a Pre-Approval to buy a home is as good as cash when you are making an offer to buy a home.  Many buyers want to start their search for a home prior to talking to a lender.  At this point the buyer does not know just how much house he or she can buy.  The buyer knows how much he or she can afford and of course the lender will tell you how much the lender thinks you can afford.  But, sometimes it is hard to believe "that little house" is going to cost so much each month….and lets not for get an additional amount for taxes and insurance.  Before you start looking at homes, contact a lender, give your financial information, have the lender  run a credit check.  If all goes well, the lender will be happy to give a Pre-Approval Letter with no contingencies other than a satisfactory appraisal of the home.  This is point when you are ready to start your search with an experienced Realtor.  When you find that perfect and affordable home you can make your offer with confidence and your offer will be taken seriously by the seller.

Imagine if you are a seller and two buyers made offers on your home priced at $200,000.  One buyer offered $190,000, with a pre-approval letter and close in three weeks.   The other buyer has not even been to a lender but he offered $194,000.  You as the seller have no way of knowing anything about this buyer.  A loan approval can take up to or more than 30 days  after application.  The buyer still needs to contact a lender and give an application.  Most buyers talk to several lenders to get the best interest rate etc.  A standard real state contract will specify the number of days allowed for approval.  If the Contract for Purchase said five days, this can mean that you may not even know for 35 days if the second buyer even qualifies for a mortgage to purchase your home.  Most sellers will pick buyer number one just because this sale is almost a sure thing contingent only on inspections and appraisal.  The second buyer may have fallen in love with your house now only to be disappointed to hear that the seller actually took a lower offer because the buyer was pre-approved.  If you are a buyer planning to purchase in the near future, take the time to get pre-approved.  Everyone wins in this situation.

 You, the buyer may actually get a better deal on the home.  The seller will not be preparing to move only to learn the buyer cannot afford the home and the deal fell through.  Everyone  will be happy in the end. 

If you would like to be pre-approved for a mortgage, visit my web site www.ACoolRealtor.com.  Click on Cool Featured Homes.  You will see a link for a Free Mortgage Approval with Heartland National Bank located in Sebring, Lake Placid and Avon Park.  Or you can contact either Steve Scheck or Melissa Stanley at Heartland National bank by calling 863 386-1300 and asking for either one.  Both Melissa and Steve will be happy to talk to you and get you started on you home buying experience.

Remember, before you apply or receive a Pre-Approval for a mortgage, visit my web site and start your home search on the internet.  No pre-approval is necessary for this!  You can search the entire MLS on my web site www.ACoolRealtor.com just by clicking on Cool Homes on MLS.  Once you have your Pre-Approval and are ready to contact an experience Realtor, give Maureen Cool a call or send and email.  It will be Maureen’s pleasure to help you find your perfect "Cool" home! 

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