Pre-Approval Helps Show You’re a Serious Buyer Pre-approval can help a seller feel more confident in your offer because it shows you’re serious about buying their house. And, with sellers seeing a slight increase in the number of offers, making a strong offer when you find the perfect house is key. A recent article from CNBC says: “ A pre-approval letter shows that you can secure a mortgage. This alone gives you an advantage over potential buyers without pre- approval, especially in competitive markets where real estate agents and sellers can afford to be picky about with whom they work.”
Bottom Line Getting pre-approved is a big deal when you want to buy a home. It helps you figure out how much money you can borrow, and it also shows sellers you're serious about buying their house.
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