What Are Bank-Required Repairs?
When purchasing a home, potential buyers may apply for lending (mortgage) from various banks. In order to verify the loan, banks will require different levels of inspections in accordance with the type of loan.
Why is it Better to Have a Pre-Approval Before Buying a House?
After getting pre-approved, your real estate agent will use your pre-approval letter (lending budget) along with your desired requests to research homes and schedule appointments. Beginning the home buying process without a verified pre-approval letter can mismanage expectations and miss out on putting in timely offers.
How Many Houses Should I View Before Purchasing One?
Every buyer is different. Although there is no perfect number of homes to view before purchasing a home, research is key to identifying concerns and saving time. Most home buyers typically view between 15 - 30 homes online or in person before putting in an offer.