When you're out shopping for homes, you have the option of seeking a letter of pre-qualification or pre-approval. Do you know which one is better? Do you know the difference between the two? A letter of pre-qualification has valuable information in it, but it's not verified or nearly as in-depth as a letter of pre-approval. With a pre-approval letter, you'll know exactly what you can afford to spend on a house, and you'll show home sellers how serious a buyer you are. For more information on the benefits of a pre-approval letter, watch this short video.
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Huerkamp Home Group
14300 Nicollet Court #208
Burnsville, MN 55306
How to Identify a Fixer-Upper
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Location, location, location. It’s important to consider this because you can’t change location.
The yard. Make sure the contours of the yard fit your specific needs because it’s very expensive to add more of a yard onto a property.
The general style of the home. Does it fit in the style of the neighborhood you’re looking in?
Square footage. Just like the yard, it’s important that the square footage fits your lifestyle because adding on can be difficult and very expensive.