Buying a home can be an extremely exciting and emotional experience. It can also sometimes feel a little overwhelming, once the process gets started.

There are several steps that lie between, “Let’s buy a house!” and “Honey, we’ve got the keys!”

Over time, we’ve learned that this process can essentially be broken down into 8 more manageable steps.

As local experts, you can rely on us to guide you through them so you can feel comfortable and confident as you navigate each one.

This week we’re going to share the first step in the process: getting pre-approved.

When buying a home, it is important to understand your buying power so that you can establish a price range. Knowing your comfortable price range will help to make sure that whatever homes you begin looking at will fit safely within your budget.

The best way to understand your true buying power is to speak to a licensed lender. You can find a licensed lender at your local bank, credit union, or more specifically, through a lending company.

They will review your income and credit history to determine how much the bank will lend you, which will help determine the price range for your search.

Once they’ve evaluated your financial standing, they can provide you with a pre-approval letter.

Having a pre-approval letter in-hand allows you to confidently make offers with lender backing secured.

A pre-approval letter can also increase the attractiveness of your offer, which is especially true when a seller has received multiple offers.

Check out this video from Realtor Ryan on our Instagram to learn more!

We’re here to help you make your next move an easy one.