Almost every Realtor will require that you get pre-approval for a mortgage before they agree to represent you. But why is that? It’s mostly because they don’t want to waste weeks or months of their time on a buyer to only have them be rejected when the sale finally closes. Read up on this article by Kyle Hiscock at the Rochester Real Estate Blog for why you need to get pre-approved:
-It is safer for the Realtor
-Provides proof of ability to obtain financing
-It proves that you are a serious buyer who will not waste their time and resources
-It strengthens your ability to negotiate with sellers