Buying Services for Buyers

Conratulations!  You have decided to purchase a property, or are thinking about buying one.  You'll be joining the ranks of hundreds of homeowners who realize that ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family.  When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours.  Over time, your home will increase in value. Please contact me if you have any questions about buying a home in the MYRTLE BEACH area. Homebuying process step-by-step Prequalification vs. preapproval Buyer Agency Why do I need a home inspection   Preapproved or Prequalified: What's the Difference? Confusing prequalification with preapproval can mean disappointment for both a home seller and a buyer. For a buyer to obtain a bona fide preapproval, he must submit a loan application with the necessary documentation and fee. After the lender verifies and analyzes the application, it will notify the applicant of how much money he can afford to borrow. Armed with that information, the buyer can confidently go home shopping. Prequalifications are simply an estimate of what a buyer can afford. A buyer who assumes that this estimate is accurate and chooses a home based on the information may, in fact, be denied a loan when he actually applies, a situation that wastes his time and can put a seller in an a bad position if they've already turned away a qualified buyer.