The #1 Thing You Can Do Now to Position
Yourself to Buy a Home This Year- Get Prequalified

Pre-qualification is the best thing you can do right now

The last few weeks and months have caused a major health crisis throughout the world, leading to a pause in the Global economy as businesses and consumers work to slow the spread of the coronavirus. The rapid spread of the virus has been compared to prior pandemics and outbreaks not seen in many years.

It also has consumers remembering the economic slowdown of 2008 that was caused by a housing crash. This economic slowdown, however, is very different from 2008. One thing the experts are saying is that while we’ll see a swift decline in economic activity in the second quarter, we’ll begin a sharp rebound in the second half of this year.

Given this situation, if you’re thinking about buying a home this year, the best thing you can do right now is use this time to get prequalified for a mortgage, which you can do from the comfort of your home. Pre-qualification will help you better understand how much you can afford so that you can confidently do the following two things when you’re ready to buy:

1. Gain a Competitive Advantage.

Today’s low inventory, like we’ve seen recently and will continue to see, means homebuyers need every advantage they can get to make a strong offer and close the deal. Being pre-qualified shows the sellers you’re serious about buying a home, which is always a plus in your corner.

2. Accelerate the Homebuying Process

Prequaification can also speed-up the homebuying process so you can move faster when you’re ready to make an offer. Being ready to put your best foot forward when the time comes may be the leg-up you need to cross the finish line first and land the home of your dreams.

Pre-qualification is the best thing you can do right now to be in a stronger position to buy a home when you’re ready. Let’s connect today to get the process started.

Here are 7 Reasons to Get Prequalified for Your Mortgage

1. Pre-qualification allows you to know the exact dollar value and price range of the home you purchase.
2. You will know the amount needed for down payment and closing costs. Giving you ample time to prepare for meeting these cost.
3. You will be able to evaluate all of your financing options.
4. You won’t waste time considering homes you cannot afford.
5. You will be ready on day one to make an offer on the home you really want when you find it.
6. In today’s market, pre-qualification puts you in a much better negotiating position.
7. It gives you peace of mind. Pre-qualification is the best thing you can do right now to be in a stronger position to buy a home when you’re ready.

If you are ready to get pre-qualified for your home mortgage, our real estate specialist and Bahamas Residency consultant Glenn Ferguson can help. Call or WhatsApp Glenn directly at 1-242-395-8495 and let him help you get the mortgage pre-qualification you need from your choice of financial institutions.