Published April 27, 2023

Let’s talk about today’s challenging market ????

Author Avatar

Written by Linda Banales

Let’s talk about today’s challenging market ???? header image.

Let’s talk about today’s challenging market ????


With so few homes on the market right now, (Today we have 380 Home For Sale in Bakersfield ) plus higher mortgage rates, it’s essential to have a firm grasp on your homebuying budget. You’ll also need a sense of determination ???????? to find the right house and act quickly when you go to put in an offer. One thing you can do to help you prepare is to get pre-approved. ????


To understand why it’s such an important step, you need to know what pre-approval is. As part of the process, a lender looks at your finances to determine what they’d be willing to loan you. ????????

???????? Income  

???????? Credit Score

???????? Debt to Income Ratio

???????? Savings

???????? Last Two Years Taxes


From there, your lender will give you a pre-approval letter ???????????? to help you understand how much money you can borrow. 


Basically, pre-approval gives you critical information about the homebuying process that’ll help you understand how much you may be able to borrow so you have a stronger grasp of your options. And with higher mortgage rates impacting affordability for many buyers today, a solid understanding of your numbers is even more important. ????????


That’s not the only thing pre-approval can do. Another added benefit is it can help a seller feel more confident in your offer because it shows you’re serious about buying their house. ???? And, with sellers seeing an increase in the number of offers again this spring, making a strong offer when you find the perfect house is key. ????


Linda Banales????

Broker Associate 

Cal DRE 01172638 

661-303-5401 

Bakersfield Real Estate Group

Agentcor BBR

Se Habla Espanol

Realtor since 1993


#firsttimehomebuyer #opportunity #homeownership #housingmarket #househunting #makememove #homegoals #houseshopping #housegoals #investmentproperty #emptynest #downsizing #locationlocationlocation #newlisting #homeforsale #renovated #starterhome #dreamhome #curbappeal #keepingcurrentmatters

|

I agree to receive automated marketing calls and texts (SMS/MMS) from , its affiliates and their agents. Msg & data rates may apply. Msg frequency varies. Reply STOP to cancel. Consent is not required for purchase. I also agree to the Terms of Use and Privacy Policy.

home

Are you buying or selling a home?

Buying
Selling
Both
home

When are you planning on buying a new home?

1-3 Mo
3-6 Mo
6+ Mo
home

Are you pre-approved for a mortgage?

Yes
No
Using Cash
home

Would you like to schedule a consultation now?

Yes
No

When would you like us to call?

Thanks! We’ll give you a call as soon as possible.

home

When are you planning on selling your home?

1-3 Mo
3-6 Mo
6+ Mo

Would you like to schedule a consultation or see your home value?

Schedule Consultation
My Home Value

or another way