In the last week, I had three clients decide to start looking at houses again. They had put their home search on pause due to COVID-19.
If you have put your home search on pause and plan to continue it at some point it is important that you keep a current pre-approval letter handy.
More than 40% of houses on the market will get multiple offers the first day they are on the market. There isn’t a lot of time to get an updated pre-approval letter before the house is sold.
An offer without a pre-approval letter is like no offer at all.