What document should a buyer include with their purchase offer?

Including a Pre-Qualification Form with a purchase offer demonstrates to the seller that the buyer has taken preliminary steps to secure financing and is serious about their offer. This document indicates that a lender has assessed the buyer's financial situation and has determined that they are likely to qualify for a mortgage up to a certain amount. It provides assurance to the seller that the buyer has the financial backing necessary to proceed with the purchase, which can make the offer more attractive compared to others.

While a loan application, inspection report, and loan estimate are important documents in the home buying process, they are not typically included at the initial stage of a purchase offer. A loan application is a more formal document that may follow if the buyer’s offer is accepted. An inspection report will come after the offer is accepted and once the buyer has had a chance to inspect the property. A loan estimate provides details of the loan terms and costs, which becomes relevant later in the financing process, not at the point of making an offer. Thus, presenting a Pre-Qualification Form is the most appropriate action to accompany a purchase offer.