Strengthen Your Offer by Getting Pre-Approved

 
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Manage episode 202014323 series 1075929
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.
Today’s special guest has some important information to share about his approach to helping clients through the home buying process.


Today I’m joined by a new special guest, Frank Blakeley with Bay Home Equity Loans, to talk about the home buying process.

First of all, Frank says that when he works with clients, he likes to treat their transactions as if they were his own.

So, the first step Frank takes with his clients is talking about their financing goals. Frank asks clients about how much they have for a down payment, what they can afford for a monthly budget, what type of home they are looking for, and more.

This conversation will determine whether the client’s goals are possible and, if so, what needs to happen for those goals to be met.

The next step is filling out an application, which can be done over the phone or through email. Frank has found that 70% of the people his team works with are able to become pre-qualified after filling out this application, and pre-qualification is half the battle.

With proof of pre-approval in hand, buyers are able to make much stronger offers.

Of course, pre-approval is what truly verifies a buyer’s ability to make a home purchase. This is why Kevin and his team use their underwriter to help buyers obtain a fully underwritten pre-approval. With proof of pre-approval in hand, buyers are able to make much stronger offers.

Sellers benefit from this pre-approval as well. It affords them peace of mind in knowing that their transaction will run smoothly and on time.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

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