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Welcome back to the blog, everyone. Today we will discuss why you need to be pre-approved in a multiple offer environment.
Here in Allen, we have seen multiple offer situations occur much more frequently as of late. Having a pre-approval can really help you stand out in this type of situation. The number 1 reason to be pre-approved is that it shows the seller as well as their agent that you have done your due diligence and are ready to move forward with a transaction.
Another reason to be pre-approved is to ensure there are no hiccups in terms of getting approved for a loan. This will give the agent and the seller peace of mind by letting them know you will be able to afford that home. Another reason to get a pre-approval is to get your offer to stand out among the other offers being given.
If you have any questions for us, just give us a quick call or send us an email. We would love to hear from you!
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