I’m pre-approved… what happens next in the home buying process?
Once you’re pre-approved, you move from financial prep to strategic action. This is the phase where timing, organization, and smart decision-making set the tone for a smooth purchase.
What Pre-Approval Actually Means
Pre-approval means a lender has reviewed your income, assets, credit, and debts—and confirmed a price range you can qualify for. It’s not a commitment to lend yet, but it does signal to sellers that you’re financially ready to move forward.
What it does for you:
- Sets a realistic purchase range
- Strengthens your offer when you find the right home
- Helps you act quickly when the market demands it
What it doesn’t mean:
- You’re locked into one property
- Final loan approval is complete
- You should automatically spend the maximum amount approved
Step-by-Step Buyer Timeline
Once pre-approved, most buyers move through these phases in order:
- Clarify your criteria — price, layout, location preferences, and must-haves
- Start touring homes — online first, then in person
- Narrow your focus — compare options and evaluate fit
- Write an offer — with terms aligned to the current market
- Move into contract — inspections, appraisal, and final loan steps follow
Having a clear timeline keeps emotions and uncertainty from driving decisions.
When to Tour Homes
You should start touring homes immediately after pre-approval—not weeks later. Inventory changes quickly, and early exposure helps you understand value, pricing, and trade-offs before you’re under pressure.
Touring early also helps you:
- Spot patterns in pricing
- Recognize strong listings faster
- Feel confident when it’s time to act
When to Write an Offer
You write an offer when three things align:
- The home fits your needs and budget
- You understand its market value
- You’re prepared to commit if accepted
Pre-approval allows you to move decisively here—without delays or uncertainty that can cost you the home.
How Long Each Phase Takes
While every purchase is unique, a general timeline looks like this:
- Pre-approved to touring: 0–7 days
- Touring to offer: 1–4 weeks
- Offer to closing: ~30–45 days
The biggest variable? How prepared you are before you start—and how clearly you understand each step.
Final Takeaway
Being pre-approved is a green light—but knowing what to do next is what keeps your purchase on track. A clear buyer timeline helps you avoid rushed decisions, missed opportunities, and unnecessary stress.
Call to Action
Want a clear, personalized buyer timeline so you know exactly what comes next?
Buyer Timeline — call/text me
—
Lana Kalinowski, Realtor®
Serving Eagan, Woodbury & the Twin Cities
Edina Realty
📞 651-706-6661
Local market expert in family moves, upsizing, and relocation
#LanaKalinowskiMN
