The idea of gaining a lender’s pre-approval is one of St. Louis house financing’s “no downside” ideas—it can only help. Can’t hurt. Theoretically, even if you belong in the upper reaches of the upper crust, having a bank pre-approval in your hip pocket couldn’t be a mistake.
For instance, suppose you happen to run across one of St. Louis’s all-time dream homes, for sale at a reasonable asking price. You will be able to offer all cash for it (folks like you upper-crusters can do that); but a competing offer had just been received, and the owner is reaching for the “Closed” sign. If you are able to whip out the pre-approval sheet on the spot, it might be enough to make the seller pause because there’s no need to do further research into your substantiality. Even though you don’t need the bank, its pre-approval can only help.
When you team up with an experienced St. Louis Realtor® (I’m one of those), being able to mention your pre-approval is always a positive that makes sellers that much more eager to present their properties at your convenience. You can bet that it also makes your interest something the seller will court.
When a to-die-for St. Louis home comes on the market at a competitive price (and there are some of those in this market), it’s bound to draw a crowd. Having a pre-approval in hand is almost the very definition of “qualified buyer.” Why not be one of those?
I’m here to help you find and make the kind of deal you want to tell friends and family about—one that engenders bragging rights. Call me! 636.329.4100