Why You Should Never Tour a Home Without a Preapproval Letter

Mario Kruja

Touring homes without a mortgage preapproval is a waste of time—yours and your agent's. The best properties move fast, and sellers only take serious buyers seriously. A preapproval shows you're ready to act, gives you negotiating power, and ensures you're shopping in the right price range. Without it, you risk losing your dream home to someone who came prepared. Get preapproved first—then start looking. It's the only way to compete in today's market.