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By John West

We understand that our clients are making big life decisions and are trusting us to help them make sure those decisions are wise ones. For us, it is not about transactions, it's about relationships.

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Let’s discuss a fundamental yet often overlooked step in the home-buying process: getting pre-qualified. While it may seem simple, getting pre-qualified is essential for a smooth home-buying experience.

We often see potential buyers get excited about the idea of a new home and start shopping before they’ve sorted out their finances. It’s understandable—seeing those dream homes can be exciting. However, you will never know what you can truly afford unless you talk to a lender. It’s important to get your financing in order before you start house hunting. An agent will always direct you to speak with a good and qualified lender first.

Sometimes, people might use online calculators to get a rough estimate of what they can afford. However, these estimates can be misleading. For example, you might think you qualify for a $700,000 home based on an online tool, but after a thorough evaluation by a lender, you might find out you can actually afford only $500,000. Getting pre-qualified ensures that you are shopping within the appropriate price range, saving you time and potential disappointment.

“It’s important to get your financing in order before you start house hunting.”

Having your financing pre-approved will make negotiations smoother. When you find that perfect home, being able to say, “I’m already pre-qualified”, gives you a stronger position in negotiations. Sellers are more likely to take your offer seriously if they know you have the financing secured. This can be particularly crucial in a fast-moving market where delays could mean missing out on your dream home.

Interest rates have been fluctuating recently, making it even more important to have a good lender as part of your team. Changes in interest rates can affect how much you qualify for, and a reliable lender will help you navigate these changes effectively. With the support of a trusted lender, you can adjust your plans according to the current market conditions and ensure that your home-buying process goes smoothly.

If you’re thinking about buying a home this year, don’t let fear or uncertainty stop you. Get pre-qualified and talk with us. We can direct you to reputable lenders who will help set up the steps properly. Give our team a call at 208-501-8200 or visit us online. We look forward to connecting with you and helping you find your perfect home.

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