Stacey-Ann's Blog


Would you go grocery shopping if you didn't have any money?

Great analogy that explains why it is so important that you obtain pre-approval from a lender before beginning the home shopping process.  A great lender and a great real estate agent work together as a team to help you find your perfect home.

Would you go grocery shopping if you didn't have any money?

grocery shopping image courtesy of flickr user Bruce A StockwellI would feel so foolish if I went into the grocery store, got a shopping cart, and starting looking through the aisles... gathering up food that I like, for buying consideration if I didn't have any money.  

Maybe I had brought a friend along that I was going to ask her if I could borrow some money to buy the groceries AFTER I had picked out what I wanted to buy...but I had not asked her yet if she would lend me any money and nor did I know that IF SHE SAID YES, how much she would lend me.

Let's take this a step further... when I went into the store, I asked for the manager and asked him if he would walk around with me and explain to me the different types of food that he was offering for sale AND I told him that I did not have any money but was sure that my friend would lend me the amount I needed after I had chosen my basket of food.

 Surely he would stop answering questions for the customers that he knew could pay for their food and would walk around with me, who has no money... explaining how the store is laid out and what the best buys were this week.

What do you think?  Likely scenario?

HA!  That's what I thought..  I heard you say, "Inconceivable!"

Yet if you are expecting to home shop, you do not have your own funds to purchase, and you have not gotten at least pre-qualified and even better pre-approved for a loan...

"This is exactly what you are doing on a different level."

Now can you understand why your real estate agent WHO REALLY WANTS TO HELP YOU AND REALLY WANTS YOU TO FIND YOUR PERFECT HOME,  also wants you to get pre-approved for your loan BEFORE you go home hunting?  AND before he/she spends the time home hunting for you and with you?

I thought so... SO GO TALK TO YOUR LENDER AND GET PRE-APPROVED! So you'll know how much you have at your disposal for a new home.  

Images courtesy of Bruce A Stockwell and Michael LeHet

Judi Barrett Southeast Oklahoma' best real estate broker Integrity Real Estate Services 580-212-5946


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Judi Barrett, Broker, Integrity Real Estate Services, Office Address:  RR 5 BOX 126, IDABEL, OK 74745  580-212-5946

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If you or someone you know would like information about buying, selling, or renting a home in Prince George's, Montgomery,  Charles, Calvert, Anne Arundel, Howard, and/or Baltimore Counties please contact Dr. Stacey-Ann Baugh of Century 21 New Millennium.


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Dr. Stacey-Ann Baugh

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Comment balloon 2 commentsDr. Stacey-Ann Baugh • August 27 2011 09:12AM


In our market being pre-approved of pre-qialified does  not mean that you are getting the mortgage. There are two sides when you are looking for financing. One is the Borrower, and that's when it is good to have it, and the other is the property.

So, can you have 850 score, excellent income, being pre-approved, and not being able to get financing? Yes, yes, yes...

Posted by Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices (Daytona Condo Realty, 386-405-4408) about 7 years ago

Dr Stacey-Ann, Thank you so muh for re-blogging this post.  I am so flattered that you would choose to use it in your blog.

Posted by 1 ~Judi & Don Barrett & Chassy Eastep - Integrity, BS Ed, Integrity Real Estate Services -IDABEL OK (Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745) about 7 years ago

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