Get Pre-Approved. Often, when an agent tells a buyer this, they respond with "But I haven't even found the house yet!". The fact is, the best properties may have multiple offers from preapproved buyers. Please be aware that it is best to use a lender referred by your Realtor or someone who has had a positive experience. Internet lenders can be problematic. Mortgage loans are more complex and uncertain than other loans and not all lenders are created equal.

To show you the reality of the market, here are some excerpts copied and pasted straight from the MLS showing offer requirements. They are found in the area that only Realtors can see:

"Please submit offers with desk top underwritten approval, fico scores, and proof of funds to both the listing agent and (lender)" Note: Some agents require buyers to cross qualify with agent's lender. This is because the primary reason sales fall apart is that the buyer ultimately does not get the loan. Not all lenders are knowledgeable or experienced enough to deliver on their promises so the agent is seeking reassurance that the buyers pre-approval is solid and they have a viable sale.

SELLER WILL REVIEW ALL OFFERS MONDAY OCT 8th PM. Please, email offer's along with POF, EMD and Pre-Approval, Thank you for showing my listing. :) Note: EMD is "Earnest Money Deposit"-the deposit check written when the offer is made. It is held un-cashed until acceptance, then deposited in escrow. POF is "Proof Of Funds"; a bank statement or other proof that buyer has funds to close

Please, email offers w/ POF, EMD & Pre-Approval. . :)

Include AD, RPA, POF, and Pre-qual. Note: AD is "Agency Disclosure"-a mandatory disclosure required of every agent before writing any contracts with a client. RPA is Residential Purchase Agreement-the offer.