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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstatePre-Approval Letter Question
Adrianne Morris's profile image
Adrianne Morris's profile image
Adrianne Morris
  • from Essex Junction, Vermont
  • Member since Feb 22, 2017
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Adrianne Morris's profile image
Adrianne Morris's profile image
Adrianne Morris
  • from Essex Junction, Vermont
  • Member since Feb 22, 2017
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Adrianne Morris
  • Essex Junction, VT
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Buying & Selling Real Estate

Pre-Approval Letter Question

Adrianne Morris
  • Essex Junction, VT
Posted Mar 8 2017, 11:31

Hi Everyone,

I am purchasing an investment property in Vermont and the listed price is $79,000. I analyzed the deal and want to offer $70,000. I am pre-approved for $85000. Should I have the pre-approval letter list $70,000 although it is lower than the asking price?

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