Do I need pre-approval before home shopping?

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Contact Nesbitt Realty to buy or sell real estate in Northern VA

Obtaining pre-approval from a bank is a daunting process.  It is time consuming both due to the delay and because of the amount of paperwork required to satisfy a lender of your credit status.

It is, without a doubt, the most pressing matter before beginning your home search.  Proceeding without this step can lead to angst and lost time, energy and opportunities.  Without pre-approval you’ll be facing the following pitfalls very quickly:

  • Offers will be rejected in favor of lower offers by pre-approved buyers.
  • Delays can result as you await approval by your bank.
  • Too late you may find the home you are looking at is beyond your budget



  • A better home could have been yours if you’d known what you could afford
  • Time can disappear into looking at homes that disappear from the market before you’re ready to make an offer and
  • Effort invested into your search can be wasted as you await pre-approval to have an effective offer.

[mortgage interest_rate="3.5" mortgage_term="30"]

For more information or to set up an appointment call Stuart at (703)765-0300.

Home Buying, Home Finance, , ,

Stuart Nesbitt

View posts by Stuart Nesbitt
Stuart Nesbitt is a Realtor® licensed in the Commonwealth of Virginia. His office is located in Fairfax County near the City of Alexandria in Belle Haven. He was born and raised in Northern Virginia and attended Fairfax County schools. Call him at any time to discuss your real estate needs.