Ozaukee & Washington County Real Estate: Getting Pre-Approved Still Is -- and Always Will Be -- the First Step to Buying a House

Find out more about Ozaukee and Washington County real estate, including the cities of Grafton, Belgium, Cedarburg, West Bend, Jackson and Germantown.

Getting Pre-Approved Still Is -- and Always Will Be -- the First Step to Buying a House

You found the house. It's perfect. It has the number of bedrooms you need and the updated bathrooms you were looking for. It's the perfect location in the neighborhood you most wanted to be in. So let's go take a look!

Whoa!!! Not so fast. Have you talked to a lender yet? Do you have that pre-approval letter?

mortgage pre-approval

If the answer is "no," there's no need to go look at that or any house just yet. Here are the reasons why.

In today's market -- and even in any market -- a seller will likely not even look at an offer unless they know you've talked to a lender and are qualified to purchase their home.

There are different loan options available. How much of a down payment will you need? Will the type of loan you qualify for allow for repairs to be made after closing? 

You could fall in love with a house you can't afford. Wouldn't it be better to know before you start looking what your price point is rather than get emotionally attached to the perfect house and then find out it's out of your price point?

It could send a red flag to your Realtor® if you opt not to get pre-approved. I'm pretty sure I've lost a couple buyers along the way because I asked that they get pre-approved before we start the search. If they refuse, I tend to wonder how serious they are about their home search. Is there a reason they think they may not get pre-approved?

Getting pre-approved is part of the overall home-buying process; it's something every buyer who is going to finance their home is going to have to complete. And it's to everyone's benefit -- most importantly your's -- to make it the first step.


Peggy Wester
Phone: 262-370-1757
Email: pwester@realtyexecutives.com
Website: peggywester.com
Blog: peggysblog.com

Peggy Wester - Realty Executives Integrity

Comment balloon 4 commentsPeggy Wester • December 11 2011 06:36PM


Hi Peggy,

Great post....I agree.  I recently posted a blog about this very same thing!  Let's get pre-approved first!

Happy holidays!

Posted by Lori Gardiner, GRI, SRS, ABR, e-PRO (RE/MAX River's Edge) over 8 years ago

Peggy, you are absolutely correct! I only show properties to pre-approved buyers. Thanks for sharing today.

Posted by David Burrows, No Pressure, Just Seriously Devoted to Real Estate (Classic Realty) over 8 years ago

It suremakes things much easier.  Right now I will meet with a buyer one time and then if they are not pro approved, I don't show them anything else.

Posted by Vern Eaton, Realtor 651-674-7449 over 8 years ago

Lori -- I'll have to check out your post! I seriously think I just lost another buyer because I asked them to talk to a lender before showing them a house. But...I've learned the hard way that it is the first step they must take.

David -- Me, too! Learned too many hard lessons.

Vern -- Every once in awhile I'll show them one house -- but that's happening less and less. Don't even want to think about the number of hours I've wasted with unapproved buyers.

Posted by Peggy Wester, Real Estate Agent Ozaukee & Washington County (Realty Executives Integrity) over 8 years ago