From Prequalified to Offer Accepted: What Homebuyers Need to Know (Workshop Replay)

If you’re thinking about buying a home, there’s a lot that happens between casually getting “prequalified” and having your offer accepted. This workshop replay walks you through that entire early phase of the homebuying process—step by step—so you know what to expect, who’s involved, and how to position yourself as a strong buyer.

Below, you’ll find the replay of my Home Buying Workshop: From Prequalified to Offer Accepted, along with highlights and key takeaways from the class.

👉 Watch the full workshop replay below:

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How to determine what home price you qualify for

Home Sweet Home It used to be that people would say that you can qualify to buy a home three times your annual salary…this is actually not really the case. When qualifying to buy a home (i.e. get a mortgage) lenders consider your income, monthly debts and the amount of funds you have for down payment and closing cost. [Read more…]

What is the difference between a Preapproval Letter and a Loan Commitment Letter?

prequalified preapproved or preunderwrittenLast week I shared how it’s pretty much mandatory that if you are a home buyer making an offer on a home located in the greater Seattle area, you better be equipped with a strong preapproval letter from a reputable lender.

Some home buyers are taking this a step further and requesting a Loan Commitment Letter from their lender. What’s the difference?

There are actually three levels of qualifications that a potential home buyer may have after contacting a lender. Please keep in mind that not all lenders may have the same standards or definitions as what I’m posting here.

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Tips for Homebuyers and Sellers

Yesterday I was interviewed by Melinda Fulmer for a MSN Real Estate article.   Here were a few of my pointers (with some clarification) for buyers: [Read more…]