Team Member Since 2019
Why aren’t all buyers able to buy?
In markets with less than six months of inventory, competition between buyers can be intense. To elevate their standing with a seller, buyers will often provide a pre-qualification letter. In a pre-qualification, lenders don't verify the information provided by a buyer. Pre-approval, on the other hand, involves third-party verification. After an offer, I verify that a prospective buyer is pre-approved for the contract amount and that closing in the expected time period—usually 30 to 45 days—won’t be an issue.
Western Carolina University