How preapproval letters help my Buyers win in todays market
Gone are the days of placing an offer on a home without a preapproval letter provided by a lender. And that’s okay! A letter from your lender is one of your best assets and provides a fighting chance in today’s real estate market. It shows Sellers you are qualified to make this purchase and are financially capable of making it to the closing table. In a world where cash may always be king, your next best option is a glowing preapproval letter!
Click below to read an article from Keeping Current Matters, which further illustrates the importance of a preapproval letter, for both the Buyer and Seller:
Orlando Real Estate Market
Single-family existing homes
- Sales of single-family homes decreased to 456 during the week of Jun 19, from 632 the week prior
- The median price of single family homes decreased to $426,800, a change of -3.0%
- The number of single-family home foreclosure transactions decreased to 2 last week, from 3 the week of Jun 12
- The number of single-family home short-sale transactions remains constant at 0
- Single-family inventory increased by 422, and now sits at 3,870
Sales of condos, townhomes, and villas
- Sales of condos, townhomes, and villas decreased to 172 during the week of Jun 19, from 211 the week prior
- The median price of condos, townhomes, and villas increased to $285,000, a change of 11.3%
- The number of condo, townhome and villa foreclosure transactions remains constant at 0
- The number of condo, townhome and villa short-sale transactions remains constant at 0
- Condo inventory increased by 94, and now sits at 1,207
