The Real Estate Browser Volume 11, Issue 5 | Page 14

14 — Say you saw it in The Real Estate Browser of Lynchburg — Volume 11 Number 5 Gone in 60 Seconds!! By Sherry Brady, Branch Manager, Apex Home Loans, Inc. Homebuyers take heed: even though we are in the midst of a national pandemic, people are still NMLS #217258 Cell (434) 238-8984 selling and buying homes. And [email protected] when a great home, at a great price comes on the market, it can easily be gone in less than a day. You need to prepare yourself and be ready to make your offer when the right house comes along, because you may literally only have hours to act! What is the first thing you need to do once you are ready to begin the process of buying a home? Even if you don’t think you’re seriously looking yet, you need to meet with a lender to find out what your options are, and you need to get preapproved. It is a seller’s market right now. There are more people looking for a home than there are good quality homes available. You need to be ready to move forward quickly when you see “the one” you love. What are you waiting for? Getting preapproved is a quick and painless process and can be done in min- utes! When you meet with us, we’ll discuss all the loan types available and determine which ones you qualify for based on your credit and income. We’ll figure out how much home you can buy, what your monthly payment will be, whether you’ll have to make a down payment, what the closing costs are. Once we fin- ish our first conversation, you’ll know the answers to these questions and will be able to shop for your home with confidence, and less stress! It’s highly recommended that you get preapproved before you even go to look at the first house, because once you open that door and start looking at homes, you never know at what point your dream home is going to find you. You could look for months, or it could be the very first house you walk into that turns out to be “the one”. Once that happens, you’re going to want to put an offer in on the home as soon as possible so that you don’t risk losing it. That’s when you Realtor is going to ask for the letter saying you’re pre-approved for a mortgage loan - if they haven’t already asked. Inventory is very tight right now, and good homes are selling the same day they hit the market in many cases. You need to be ready! Having a pre-approval letter to accompany your offer tells both your Realtor and the seller of the home you want to buy that you are serious and capable: not only do you want to buy their home, but you have the financial ability to do so. And by get- ting pre-approved, we can begin your loan approval process early so that once you find the home you love you’ll be able to close quickly! In today’s market, that will go a long way toward making you an extremely attractive buyer. Interest rates are at all time lows. Inventory is tight. Be prepared to win your dream home!! Ready to get preapproved? The experienced team at Apex Home Loans are experts in home finance, and are ready to guide you professionally, ethically, and flawlessly on the path to home ownership! We are available evenings and weekends - we are here when you need us. Call us at 434-237-1027, or go online to today, and let us help you GET MOVING! By: Sherry Brady, NMLS #217258., 434-237-1027. Apex Home Loans, NMLS #2884,, Equal Housing Opportunity