Important First Step You Are Not Doing When Selling Your Home

Dated: 02/19/2018

Views: 104

This time you're serious; "We're going to move". For whatever reason you've come to that conclusion, it's likely that you are not considering an important step before making that listing appointment. You need to speak with lender before you decide to sell your home. 

Apply for a pre-approval

That is, If you're going to buy another home. Disregard this post if you have other plans. Since you are still reading, let me explain why this is an important step. If you're going about this in correct order, you'll want to speak to your mortgage lender. This step is often overlooked. Let's face it, even if you've decided to move because you want to be in a specific home or community, your first instinct is to see how much you can get for your current home. Resist that temptation and speak with your lender first.

There are 2 reasons why this is the correct thing to do before you speak to the likes of me to list your home.

  1. First and most important; you want to be sure about the particulars of your finances are even if you're downsizing. You do not want to be in a situation where things start to unravel 2 weeks into an agreement to sell your home. Unexpected credit problems are most common reasons this becomes a challenge. Get prequalified! 

  2. Second, you want to be rather certain of the amount you can expect to net at your closing. While Realtors have ballpark data to estimate what you'll net, your lender will be able to project a more accurate amount based on estimated closing dates. Why needlessly guess from the start?

If you would like help finding a great lender, let me know and I'll bring you together.

It's what I do.


Steve Lona

630-343-9839 Direct/Text

"Prepare To Be Moved"

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Steve Lona

Today, you don’t need a Realtor to find a home because with just a few clicks you can find countless properties to buy or even find a range of how much your home is worth. What consumers need today....

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