Why Pre-Approval Matters More Than Ever

If you’re thinking about buying a home, the first step isn’t browsing online or booking showings—it’s getting pre-approved. And no, it’s not just a formality. In today’s market, it can seriously make or break your experience.

What is Pre-Approval?

Pre-approval is a letter from a lender that shows exactly how much you're qualified to borrow. It’s based on your actual financials—credit, income, assets, and debts—not just a quick online estimate.

This isn’t the same as pre-qualification, which is more of a surface-level guess. Pre-approval gives you real numbers and shows sellers you’re serious.

Why It Matters Right Now

1. It Sets Your Budget (For Real)The worst thing is falling in love with a house that’s not actually within reach. A pre-approval gives you a realistic, comfortable price range so you can shop with confidence and avoid surprises later.

2. Sellers Take You SeriouslyWhen homes are moving quickly or there are multiple offers, a seller is going to lean toward a buyer who already has their financing lined up. Pre-approval shows you’re ready and able to close.

3. It Can Speed Up the ProcessOnce you’re under contract, having a pre-approval in place helps keep things moving. Your lender already has most of your info, so final loan approval comes faster and with fewer hurdles.

4. It Helps You CompeteEspecially in Northern Nevada, where we still see competitive situations on well-priced homes, being pre-approved makes your offer stronger—even if you’re up against cash or larger down payments.

My Advice?

If you're even thinking about buying in the next few months, talk to a lender now. It doesn’t lock you into anything, and it gives you a huge head start. Need a trusted lender recommendation? I’ve got you covered.

Let’s make sure you’re set up for success from the start. Reach out and I’ll walk you through exactly what to expect.

(775) 431-3515

kyra@themauverealtor.com

themauverealtor.com