SHOULD I RENT OR BUY?
Did you know that home owners have 33 times the net worth of the average renter? That’s one thing to think about for those who are not sure which to choose. Rents go up and up and up. That’s great for landlords, but can be a drain on the future for renters. Home owners have many more choices than renters. Home owners can make lots of money by fixing and flipping, holding, selling at the top of the market.
BTW right now is the top of the market for deserts and remote areas. In general, it’s the bottom of the market for downtown inner city urban areas.
Often we get requests to help people find a loft to either lease or purchase a loft or condo. Our suggestion in this competitive real estate market is to show up with finance preapproved. You may have felt the frustration of being ignored by sellers. Having an extra card up your sleeve helps your offer stand out from the rest. #preapproval #Loftsforlease
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Verified Approval is part of the mortgage approval process that assures you have the money to buy the home you want. With a letter, you make an offer confidently knowing you have already done the work to verify your financing.
Financing problems are a major reason why home sales fall through. Cash offers are more appealing to sellers because they’re a sure thing, but not everyone has that kind of cash on hand.
The letter strengthens your offer by verifying your credit, income, and assets with the documentation provide to your lender. These documents, such as W-2s, pay stubs and account statements, help us determine how much home you can afford.
The Best Offers Come With A Pre-approval Letter. If you are looking to lease or purchase, get taken seriously with a preapproved financing letter in hand.
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Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.