Texas continues to experience a strong Sellers Market. In most areas, competition among buyers is fierce and multiple offers common. High demand and low listing inventory means that the best properties at the best prices sell quickly and prices are rising.
Why? One reason: historically low interest rates.
Another reason: people and businesses from across the country are moving to business-friendly, tax-friendly Texas.
A third reason…and this is just my personal opinion…Texas is a great place to live!
Your pre-approval letter is required to submit an offer on that home and hangar you’ve always dreamed about, and having it on-hand can increase your buying power in the current competitive market. Some sellers require a pre-approval letter before you can even schedule a showing!
All this to say: If you intend to take advantage of low interest rates before they rise again, it’s more important than ever to get pre-approved for your mortgage ASAP!
Shop for your mortgage at a favorite bank, credit union, mortgage broker, or on-line lender to get started. If you don’t already have one, I’m glad to provide lender referrals, just ask.