th inventory still low in the Portland real estate market, homes are selling FAST! We at team Beltran, are seeing several multiple offer situations this year at many different price points. Buyers are experiencing some competition out there, and it is sometimes necessary to compete with multiple offers.
So before you get out there and start making offers, here’s a tip to get a JUMP on your competition. If you plan on financing your home, one thing you can do to expedite the process and make things run as smoothly as possible, is make sure you are already PRE-APPROVED! Taking the proper first steps with a lender could prevent you from losing out on the home you love to a buyer who is already pre-approved.
Most home buyers already have an idea of their comfort level for a monthly mortgage payment, but there are so many factors to consider when you try and translate that monthly payment into a total mortgage amount. Talk to your lender BEFORE you start seriously looking for a home, because you will usually need a pre-approval letter submitted WITH your offer. Being pre-qualified for a specific dollar amount is crucial to a smooth, successful deal, and you’ll also gain leverage with the seller. Sellers are more likely to be open to negotiations with a buyer who is approved to purchase their home.
You can connect directly with Brad Hansen to get started with your pre-approval:
Thinking of selling? Would you like to take advantage of this low inventory to boost your selling price? Call our innovative marketing team! We would love the opportunity to show you some of the great programs and incentives we can offer to sell your house FAST and for TOP dollar!