Get Pre-Qualified Before You Shop Temecula CA Homes

By: Stefan West


Just last week, a new homebuyer steadfastly refused to initiate his Temecula and Murrieta home search until he wrapped up his home financing approval process. When he asked my opinion on his plan, my immediate response was "I wish everyone would!". Given the chance, I wish every client I take on to get pre-approved. As an real estate broker for Temecula, Murrieta, Wildomar and Menifee, I know that having my buyers get complete pre-qualification before they start shopping is an absolute must to smart home shopping.

Here is why:

1. After you have approval - it solidifies you really can buy a house!
2. After qualification you know what you can purchase and your monthly mortgage.
3. After loan approval, you stop worrying and put your energy strictly on home shopping.
4. With a solid pre-qualification, your real esate salesperson can use it to save you thousands.
5. Finally, with your approval your transaction will be smooth as silk.

Let's explain these 5 variables in order. Due to the fact your loan is fully qualified it means you really can purchase a Murrieta or Temecula home - that is great news! Far too many home shoppers want to purchase a property but never verify that they really can. Your home financing approval lets you indulge in the enjoyment of finding your next home. It reduces concern about what you can and can't do which will stress you out while you shop. Finding a new property should be one of the most fun things you ever do. Get your home financiing and simply enjoy the home shopping experience.

Now you're out looking at Temecula CA real estate much more relaxed because you already know you are pre-qualified and exactly your price range. You also know roughly what your monthly cost will be at certain price points. Now you get to the great part. Whenever you go into a home that you like, you can rest assured in the knowledge that you can really buy it. Additionally, you save yourself the irritation of viewing properties that are more or less than you can afford. So many people don't get qualfied before looking and thereby look outside what they can afford.

Now with those concerns off your to-do list, you should put your full focus on locating the ideal Temecula CA home that meets your long terms goals. Too many people fret about the lending part they minimize critical aspects on the listings they look at. Big concerns like good schools, location, neighborhood, and quality of life are much more important. When purchasing a home, you need all your attention on the big picture.

Another benefit of securing your home financing pre-qualfication is the dealmaking possibilities it gives your real estate representative when you find a home. Intelligent brokers use loan pre-qualification to maximize the best deal possible. If you are in competition for an incredible deal on an ideal home, you have a much better chance of getting the house. Since there is less risk when considering your offer, you can ask for all closings costs paid.

Very likely the biggest benefit in getting your pre-qualification is a a lot more fun transaction. This seriously does make everything easier. Let's count out the reasons again. You will enjoy home shopping significantly more. You will have increased awareness and make a smarter long term choice. You will also get a better deal. And, in the end, the home buying process will go through easier and be a lot more enjoyable. A wonderful Temecula or Murrieta home purchase starts with good decision making.

Stefan is a professional broker for Temecula Homes For additional real estate articles please visit www.stefanwest.com/news_and_articles.html .