Preapproved VS Prequalified

Ready to stand out in a competitive market? ? Working with pre-approved buyers makes the home search smoother and more successful. It shows sellers you’re serious and ready to make a move! ? If you’re thinking of buying, let’s connect — we can help guide you every step of the way.
#BetterCallJamohl 503.545.4945
Preapproved > Prequalified: The Key to Standing Out in a Competitive Market
When it comes to buying a home, preapproved beats prequalified—every time! ? While prequalification is a good first step, preapproval is what truly sets you apart in a competitive market. Sellers want to know that buyers are serious and financially ready—and a preapproval letter proves just that!
? What’s the difference?
- Prequalified: A quick estimate of what you might afford, but no verification of income, assets, or credit.
- Preapproved: A lender verifies your financial details and gives you a conditional loan approval, making your offer stronger and more credible.
Why Preapproval Matters
? More Negotiating Power – Sellers prioritize preapproved buyers over those who are just browsing.
? Know Your Budget – No guessing! You’ll have a clear price range before house hunting.
? Faster Closing – With financials already reviewed, the process moves smoothly and quickly.
If you’re thinking of buying, let’s connect! ? We’ll guide you through every step—from preapproval to closing day. Your dream home is waiting, and we’re here to help you secure it! ?

#homebuyer #JDPDXRealEstate #investment #realestate #realtor #realestateagent #dreamhome #HomeBuying #Preapproval #RealEstateTips #DreamHome
Join The Discussion