Blog Stories Get Pre-Approved Because....

Get Pre-Approved Because….

By Drew Burchette, May 17, 2018

Right now (late Spring of 2018) I really have been enjoying working with buyers. Unlike the last few years, there is actually some inventory to look at, bidding wars are cooling off and you can find a great house at a fair price. In my initial phone meeting with Tiffany & Ryan I must have come off as adamant that they get pre-approved before we get too far into the home buying process. One of them asked me “why?”. I quickly came up with my top 3 bullet points:

  1. Knowing your specific borrowing power make the shopping process much more efficient.
  2. The application process can illuminate issues that we need to be out in front of. Things such as: credit score problems, student or car loan expenses that need to be dealt with, sourcing of down payment funds and employment roadblocks just to name a few.
  3. And you never know, you just might find that perfect house on the first day out. This one rarely happens though.

After they got pre-approved, I met Tiffany & Ryan to tour some homes on a Spring weekend. The first 5 homes we looked at were kind of okay, but disappointing if we were being honest. The last home was in a sweet neighborhood that they knew well (because they had friends who lived nearby). After a half hour in the house we were standing at the curb talking about an offer; a surprise for us all! It was the perfect starter home: move-in-ready, but still plenty of room for improvement and in an established neighborhood. Offer accepted, inspections in the books and sale closed!

The moral of the story is: always get pre-approved because you never know when you might find that gem and you don’t want to spend the rest of your home search chasing it!

Drew Burchette

Principal Broker

I arrived in the real estate business over a decade ago and have since helped scores of people buy and sell their homes. The groundswell that I created in my practice is rooted in the relationships that I have nurtured over the years. My style is educational, and I see myself as the coach and leader of your real estate transaction. My coaching is geared towards empowering you to make informed decisions that will lead to your best possible outcome. I excel at asking the questions that get to the heart of the matter which in turn enables a smooth sale process. Away from the office I am passionate about so many things, but it all begins and ends with my family. My boys are both in elementary school and parenting is an ongoing challenge and joy for my wife and I. We love to travel around Oregon, the East Coast, Mexico and beyond. My passion for surfing, kiteboarding, and fishing help to keep me grounded in life. Read more reviews
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  • T: 503-490-6912
  • F: 503-961-8224

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