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Pre-approval first will help you in the buying process


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Why should you get pre-approved before looking at homes? The biggest reason, is that you will be conveying to sellers, that you are a legitimate buyer who is serious about purchasing a home since you have already taken steps to start your process with your lender. Also,you’ll know that the homes you are previewing are ones that you can realistically afford. If you start looking at homes that are in the $350,000 range first, than after getting pre-approved for around $125,000. You will severely change what you are looking at. Also, by doing your homework up front, you will potentially save headaches down the road through the buying process.

Check out this article from bank rate for more information about the pre-approval process.

Providing proof of funds, could strengthen your offer

Throughout the home purchasing process, you may be asked to provide proof of funds. What does this mean? It refers to something tangible that can be offered as evidence that you, the buyer, can follow through with the purchase. It’s a type of validation that you have the money available at your disposal to complete the home purchase. It can come in a couple of different forms like a certified letter from your financial institution or an official document from a 3rd party providing an assurance that you have the funds needed at your disposal. This letter or documentation provides the seller with a piece of mind and as a result, they may be more willing to accept your offer. Keep in mind, this is different than a pre-approval from a bank. It would typically be utilized in a “cash purchase” or for your down payment or closing costs if requested.

Check out this article from realtor.com to learn more information about proof of funds.

Choosing which Colors to Paint with

Can the color of a room influence your mood? According to HGTV “color can make rooms feel bigger or smaller without the time and expense of actually moving walls”. This might be something you want to consider when trying to sell your home. Anything that will make your home inviting is going to be worth considering and painting interior rooms is usually done as a DIY project for homeowners.

In the past, our family has tried out different colors in our home as an experiment to see how it worked out. We had some success with reds and blues and not the best luck with yellow. If you’re struggling with what each color means, check out this article for some clarification. If you don’t like the color, you can always repaint it.