DC Ranch Homes For Sale | Getting Pre-Approved Should Always Be Your First Step
Did you know that in the DC Ranch community you’ll find a variety of architectural home-styles from single family, attached, luxury rentals, custom homes and home sites.
DC Ranch has slowly transformed over the last few years. DC Ranch is connected by miles of winding paths and trails that take you anywhere on the ranch including the community center, private golf course and country club, retail site, schools and much more. All neighborhoods are connected by a system of paths and trails which allow you to go virtually anywhere in the community without crossing a major street.
If you are looking just for the right property in DC Ranch today, I would be happy to consult with you and bring you my experience and expertise in the DC Ranch Community to help you make the right the decision
Today I would like to speak to you about Getting Pre-Approved Should Always Be Your First Step
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream home is within your reach.
Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:
“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”
One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be able to help you with this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”
Freddie Mac describes the ‘4 Cs’ that help determine the amount you will be qualified to borrow:
Capacity: Your current and future ability to make your payments
Capital or cash reserves: The money, savings, and investments you have that can be sold quickly for cash
Collateral: The home, or type of home, that you would like to purchase
Credit: Your history of paying bills and other debts on time
Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.
Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so.
See something that interests you around La Strada in DC Ranch?
How about Ironwood Village, Pima Acres and Sera Brisa. . we can guide you through the area and then find the best properties available for sale. We also have more information about Windgate Ranch.
Need help? Contact Us anytime to schedule a private showing for any property in DC Ranch. Or search our website www.realscottsdalehomes.com to find more information on the community of DC Ranch and all Scottsdale area real estate.
Ryan Ney Real Estate
of My Home Group
DC Ranch Specialist
Ph: (480) 332–5659