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dcl08
<3
Member since 4/07 3915 total posts
Name:
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pre-approval...
do you need a pre-approval for the asking price or what we will offer??? can u tell im new at this 
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Posted 8/9/09 5:35 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
MrsYank
She's here :)
Member since 4/07 3238 total posts
Name:
Mrs. Yank
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Re: pre-approval...
I would say asking price bc it shows you are a serious bidder.
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| Posted 8/9/09 5:35 PM |
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dcl08
<3
Member since 4/07 3915 total posts
Name:
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Re: pre-approval...
ok thank you.
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| Posted 8/9/09 5:36 PM |
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Cpt2007
A new love!
Member since 1/08 5946 total posts
Name:
Liz
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Re: pre-approval...
Posted by MrsYank
I would say asking price bc it shows you are a serious bidder.
agreed, though, for us, we had our pre-approval letter give the ceiling amount we were willing to pay. Our house was listed at $20k more than what we ended up at (we started at $24k below what we ended up paying; $44k below asking). So for us, we knew that we weren't going to spend more than what we did on the home and having our pre-approval letter set at that amount gave the indication that it was that # or bust for the seller.
FTR we underspent b/c we wanted to have a particular monthly payment that allows us to save.
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| Posted 8/9/09 7:13 PM |
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