How to Make Offer on House

"Once you've placed your loan application with a lender, if you qualify, they should be able to provide you with a pre-approval within two weeks. Some lenders can provide instant pre-approvals, but those are typically fully automated lenders, and for borrowers with strong credit. This is very advantageous for a borrower who might be under time restraints. A pre-approval lets all parties involved know that the borrower qualifies for a certain amount of loan. It's important to get this pre-approval to your seller or Realtor as soon as possible. Many borrowers choose to have a Realtor because one, they represent the full interest of the borrower, and they're also going to help you with the Offer To Purchase. A seller also has its' real estate agent who represents their interest and places their home on the market for sale. Once you've obtained the pre-approval and submitted to the seller or the real estate agent, it's time to start looking for your property. At this time you can make an Offer To Purchase Contract, and submit it to the seller or the real estate agent. Once your contract has been accepted and both parties have signed it, the borrower and the seller, it is important to give it to the lender as soon as possible so that they can start the loan process."