At Your Service ON CALL 24HRS - Andrew Gariepy - Sales Representative
Getting Pre-approved allows you to establish a price range and lets the seller know you’re in a position to purchase their property. It can also help limit the time once the purchase agreement is signed between you and the seller.
If you choose not to get preapproved you are at risk of not being able to afford the homes you are looking at and the possibility of already spending money on home inspections for a house you cannot own. There is also the risk of having to offers on the same property, in the case that one buyer is pre-approved they will more than likely be the ones to get the property.