Important First Step You Are Not Doing When Selling Your Home

Important First Step You Are Not Doing When Selling Your Home

This time you're serious; "We're going to move". For whatever reason you've come to that conclusion, it's likely that you are not considering an important step before making that listing appointment. You need to speak with lender before you decide to sell your home. 

Apply for a pre-approval

That is, If you're going to buy another home. Disregard this post if you have other plans. Since you are still reading, let me explain why this is an important step. If you're going about this in correct order, you'll want to speak to your mortgage lender. This step is often overlooked. Let's face it, even if you've decided to move because you want to be in a specific home or community, your first instinct is to see how much you can get for your current home. Resist that temptation and speak with your lender first.

There are 2 reasons why this is the correct thing to do before you speak to the likes of me to list your home.

  1. First and most important; you want to be sure about the particulars of your finances are even if you're downsizing. You do not want to be in a situation where things start to unravel 2 weeks into an agreement to sell your home. Unexpected credit problems are most common reasons this becomes a challenge. Get prequalified! 

  2. Second, you want to be rather certain of the amount you can expect to net at your closing. While Realtors have ballpark data to estimate what you'll net, your lender will be able to project a more accurate amount based on estimated closing dates. Why needlessly guess from the start?

If you would like help finding a great lender, let me know and I'll bring you together.

It's what I do.


Steve Lona

630-343-9839 Direct/Text

"Prepare To Be Moved"


Steve Lona Headshot
Author:
Phone: 630-343-9839
Dated: February 19th 2018
Views: 26
About Steve: Today, you don’t need a Realtor to find a home because with just a few clicks you can find countle...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Important First Step You Are Not Doing When Selling Your Home - This time you're serious; "We're
Fireplace Of The Week - Want a fireplace that will start a
Market Update Chicago Loop February 2018 - The Loop market is moving fast
Market Update Chicago Near North Side February 2018 - In 2017 the median sales price for

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Patrick Lynch
939 West North Avenue, Suite 750
Chicago, IL
312-375-4494