In most cases, a Buyer and Seller won't meet until closing. Therefore, a Seller must judge the strength of a Buyer's offer based on the documentation that accompanies it.

With this in mind, Door In Real Estate recommends consulting with a reputable lender and obtaining a prequalification letter prior to shopping for a home. Doing this speaks volumes about a Buyer's capacity and willingness to purchase a Seller's home.

With a prequalification letter from a reputable lender, a Buyer can show a Seller that he or she is a great candidate to purchase the home in consideration.

Furthermore, a Seller may be more flexible in their negotiations. After all, a strong prequalification letter sends a message to the Seller that this is a “solid deal.”

Consulting with a reputable lender has another distinct advantage. Doing so helps a Buyer better understand the costs involved with a purchase, including interest rates, taxes, insurance and monthly payments.

By getting a prequalification letter from a reputable lender, a Buyer will have taken an important step towards home ownership.