What is the difference between Pre-Qualification and Pre-Approval?


Whether you are selling your home or buying a new home, there are things you need to know and Pre-Qualification vs Pre-Approval is something you need to know about!


If you are thinking of selling your home in, or near, Guilford CT, it’s time to start getting your house ready! We are publishing a series of blogs about getting your home ready to sell – check them out here for great tips and give us a call to talk about the best price to quickly sell your home. While PB and Heather Dacey are licensed to sell real estate anywhere in CT, we focus on the shoreline area between the Old Saybrook bridge and the Quinnipiac Bridge in New Haven. Specifically, we work mostly in the towns of Guilford, Madison, Branford, Clinton, Westbrook, Old Saybrook, East Haven and the areas just north of these like Durham and North Branford.


We focus on the same towns for Buyers but, once we have a relationship with you, if you want to go slightly further afield, we are usually game for that. So … let’s say that you want to buy a house in Guilford, CT and you’re a home buyer, your jobs are

1) to meet and choose a Realtor to work with

2)familiarize yourself with the current home market by doing Drive-By’s of homes you like online and going to Open Houses (also a great way to meet & choose a Realtor!)

3)MOST IMPORTANT of all… your job is to meet with a lender and get mortgage qualification so that when you find the house of your dreams, you are ready to buy it!

Your Realtor will usually make sure you are at least pre-qualified to buy a home before taking you out to look at homes because…


Any old mortgage broker, bank or union can provide this pre-qualification. A pre-qualification is usually based on a phone call to the lender where they give you a ballpark estimate of how much home you can afford. It is based on verbal estimates you give the lender of your income assets and will require approval later with a full underwriting review of your financial documents and a review of the property you’re buying. A pre-qualification can be rescinded once these financial documents are thoroughly reviewed and that can be pretty disastrous. You’re not able to move forward with the purchase of said dream house and the seller now has to put their home back on the market with a loss of a good chunk of their marketing time that was spent for you to get your loan verified.


A much better way to get to loan approval is to become pre-approved. The critical thing here is that you go through the entire loan process with the financial documents moving through underwriting for approval. You receive a pre-approval up to a specific loan amount based on actual verification of your income, assets and credit. All that is left is for you to find the home to buy and to have the home appraise at or above the purchase price but within your pre-approved loan amount. Not only does this remove most of the threat of huge disappointment from not getting approved to buy your dream home, it puts you in a much stronger negotiating position with the seller, especially in a multiple offer situation.

So what are you waiting for? Ready, Set (Get Pre-Approved) and Buy!

Posted on February 16, 2020 at 8:03 pm
CT Town and Shore Partners | Posted in Buying, First Time Homebuyers, Mortgages, Pre-Approval, Pre-Qualification, Selling | Tagged , , , ,

10 Reasons to List During the Holidays


Posted on November 22, 2019 at 6:00 pm
CT Town and Shore Partners | Posted in Selling | Tagged ,

What is Military on the Move?

Paula “PB” Baraket and Heather Dacey are proud to be among the certified Military on the Move agents in the Randall Family of Companies.

U.S. Military on the Move® (MOM) is a real estate program offered by top independent real estate agents who are experts in their local markets. The MOM program is designed to give back to our military by offering a credit or a rebate on a home sale or purchase to eligible service members.  The program is offered to all active duty and honorably discharged veterans.

When you buy or sell a home through Military on the Move®, you’ll receive a credit (or rebate*) based on the actual sales price – not a fixed amount based on a range of values – and you’ll receive your rebate at closing!

Receiving money back is a great benefit, but choosing the right agent is even more important. When you work with a certified MOM agent, you will have the opportunity to work with a quality agent who delivers the very best service, and who lives and works in the community where you are buying or selling a home, and therefore is an expert in the market.

Your rebate/credit is determined by the commission paid, which is negotiated between the seller and the listing agent. Therefore, the actual rebate amount will vary.


Posted on October 1, 2019 at 11:19 pm
CT Town and Shore Partners | Posted in Military on the Move | Tagged

Military on the Move Program

Attention All Veterans

CT Town and Shore Partners with Page Taft values your service, and we’d like to offer a special benefit to thank you.

CT Town and Shore Partners with Page Taft values your service, and we’d like to offer a special benefit with the Military on the Move program as a special thank you.

U.S. MILITARY ON THE MOVE ® is a free real estate rebate and information program that allows you to earn cash back when you buy or sell a home (in states where allowed by law*).

TO BE ELIGIBLE, you must register prior to contacting an agent and be able to show proof of eligibility. To register call 203-314-1301 and Heather Dacey or Paula “PB” Baraket can assist you with your real estate needs locally or globally as certified Military on the Move ® specialists.

WHEN YOU BUY OR SELL A HOME through U.S. Military on the Move ®, you’ll receive a cash back credit* based on the actual sales price – not a fixed amount based on a range of values like other programs — and you’ll receive your rebate at closing!

IF YOU PLAN TO RENT A HOME, we can help! Our members will provide comprehensive information about the area, counseling on local rental practices and will even send information on listings that meet your criteria.

REBATES ARE GREAT, but there are many other important considerations when choosing a real estate company. Leading Real Estate Companies of the World® is a global network of over 565 premier real estate firms with 4,100 offices and 130,000 sales associates in over 65 countries around the world.

Collectively, this group produces over one million transactions valued at $368 billion in home sales annually, more than any national real estate brand. LeadingRE dominates the United States’ list of top 500 real estate firms, with more of the Number One market leaders in the top 100 markets than any national brand.


  • Quality agents, quality service from top independent brokers who live and work in the market
  • No required mortgage lender – choose any lender you wish
  • No dollar limit on rebates
  • Rebate paid at settlement

*Rebates are not allowed in all states. In some states, a gift card or commission credit at closing may be provided in lieu of the Cash-Back bonus. You must register with U.S. Military on the Move® before contacting a real estate agent and be represented by the assigned real estate firm at closing to qualify. All real estate transactions are negotiable. Other terms and conditions may apply.

Posted on November 11, 2018 at 1:41 pm
CT Town and Shore Partners | Posted in Military on the Move | Tagged , ,

U.S. Military on the Move- FAQs

Frequently Asked Questions

What is the Military on the Move (MOM) program?

The Military on the Move program is a cash-back rebate program powered by LeadingRE, which provides a cash-back credit rebate to military consumers when they buy or sell a home through The Randall Family of Companies. This program was meant to provide the military consumer with an additional choice in national rebate programs, while helping network members attract and retain this nicheʹ of business.

Who is eligible?

LeadingRE rolled out the program nationally to those who are active duty, retired with 20 years of service, or wounded warriors. The Randall Family of Companies felt it was important to expand on the program and offer it to ALL active duty and honorably discharged service members.

What rebate percentage does the military consumer receive?

The military consumer will receive a 20% credit towards closing costs and prepaid items at closing.

What are the lender expectations?

The military consumer can use any lender they wish, including USAA or NFCU.

How would a military member register to take advantage of the program?

The customer is only required to register to participate in the program if they are not working currently with a Randall Family of Companies agent.

To learn more about the MOM program, visit our Military on the Move page.

Posted on November 11, 2018 at 9:43 am
CT Town and Shore Partners | Posted in Military on the Move | Tagged ,

Selling Tips

How I Can Help You Sell a Home

Home For Sale Helping find a buyer for your home is only one facet of a real estate professional’s job. There are many more aspects including explaining the basic real estate practices and principles and all the related paperwork, Performing a Comparative Market Analysis (CMA) to help determine your home’s value, helping to prepare your home for sale, listing your home, marketing your home, keeping you informed throughout the process. When the sale begins, it’s important to work with someone who will assist you with the paperwork, negotiate on your behalf, make sure deadlines are met, and work with the escrow company.

By working with me, you will:

  • Be more likely to realize the highest return on the sale of your home
  • Reduce the number of days your home is on the market
  • Become familiar with all the terms, processes and paperwork involved in selling your home
  • Have confidence that your home will enjoy exposure to more buyers and agents with qualified buyers
  • Receive regularly updated market information that will enable you to make informed decisions
  • Have a skilled negotiator working on your behalf
  • Have peace of mind knowing that all the details of your sale are being handled properly by a licensed and trained professional

Posted on October 24, 2018 at 1:40 pm
CT Town and Shore Partners | Posted in Selling | Tagged

Buying Tips

How I Can Help You Buy a Home

Happy Couple Whether it’s your first home or if you’re an experienced buyer, purchasing a home is a complex process. By working with me, you’ll find a home in the neighborhood where you want to live, one that fits your budget and meets your goals for features, quality and value. Once you’ve found the home that’s right for you, I will guide you through the process of making an offer; negotiating the terms of the sale; getting your potential purchase inspected, repaired and appraised; and closing the sale.


When you work with me, you will:

  • Be more likely to find the home that meets all your criteria
  • Lessen the amount of time it will take to find your home
  • Understand all the terms, processes and documents used when buying your home
  • Have up-to-date market information that will allow you to make informed decisions
  • Have a skilled negotiator working on your behalf, one who is committed to looking after your best interests
  • Enjoy peace of mind, knowing that all the details of your purchase are being taken care of by an experienced and knowledgeable professional

Posted on October 24, 2018 at 1:34 pm
CT Town and Shore Partners | Posted in Buying | Tagged