Check out how to save 3 – 6% when buying a house in Tampa, FL. Here's how you can save dollars when buying a home.
Hello home buyers. Your real estate expert, Lance Mohr and today, I want to talk about how you could possibly save 3 to 6% when buying a home. As a real estate agent, I am always trying to get my home buyers a competitive edge so they could get a better deal or if it’s a multiple bid situation, beat out other buyers from buying their home. And as you probably know by now, the National Association of Realtors, take statistics every single year. They spend millions of dollars and talk to home buyers, home sellers, see what there likes are, dislikes, concerns. And they have shown that home buyers that are pre-approved for a mortgage can save an average of 3 to 6% but let’s just say you are not going to save anything, but you get the home a beat out another buyer in a multiple bid situation.
Pre-approval means so much in today’s real estate market. Now the difference between a pre-approval and a prequalification is when you go to the lender, prequalification is just based off of the information that you give the lender but pre-approval is based on the information that you give the lender and they verify it. So you are essentially a cash buyer. And at the end of the day, you are going to have to get approved for a loan sooner than later. So you might want to do it sooner than later and use it to your advantage.
Think of it this way, if you are going out to a home seller, and let’s say there is another buyer, you are both offering $200,000 and the other agent says, “Well my buyer talked to lander a few weeks ago and they told them they could buy the home with $200,000.” And we go in and we say, “Well, my buyer is already fully approved for a mortgage. Everything is verified, they are basically a cash buyer. Would you like to close this month or next month?” I’ll tell you 1000 out of 1000 times, they’re going to take the pre-approved buyer. So if you’re going to do it sooner than later, you might as well get it done sooner than later.
I hope this helps you. If you have any comments, any questions let me know. If you are looking for a great real estate agent to work with, give me a call, my contact information is below. I wish you the best of luck in the home buying process. Thank you very much. Here is my YouTube channel https://youtube.com/tampa2enjoy. We have tons of educational real estate videos. You can also visit my podcast https://www.spreaker.com/show/how-to-buy-a-house-series.