National Association of Realtors A borrower who wants to get a leg up right from the get-go can do so by shopping smart, too. One way to succeed is to get preapproved for a loan, rather than just prequalified. While buyers need only submit their own income and debt information to get prequalified, they generally must allow lenders to verify that data through tax forms and a credit check to get preapproved. As a result, the preapproval carries much more weight in the negotiating process. This way, when the sales agent presents the offer, it's essentially like presenting a cash deal to the seller.
Buyers do enjoy one advantage when shopping in the spring.
Many times, they will be able to choose from a wider selection of properties because sellers want to put their homes on the market when it's most likely that they'll receive offers. And while waiting until sales cool off might benefit some potential buyers, shoppers in areas with rapid price appreciation might want to get out there now. After all, a seller might easily be able to demand a few thousand dollars more for the home come Thanksgiving. Let us help you have a smooth move . Our printable checklist guides you through the process.