In the fast-paced world of New York City real estate, a mortgage pre-approval can make or break your deal. “In prime markets like Chelsea, Greenwich Village, Tribeca, and DUMBO, sellers expect buyers to come prepared,” says Randy Baruh of Compass, one of NYC’s most recognized luxury brokers.
A pre-approval letter signals financial readiness. It tells listing agents that a bank has reviewed your credit, assets, and income—and is ready to fund your purchase. “It’s not optional,” Baruh adds. “If you’re competing for a Brooklyn Heights brownstone or a West Village loft, pre-approval gives your offer instant credibility.”
The Randy Baruh Team helps clients connect with trusted NYC lenders who specialize in co-op financing, jumbo loans, and high-value condos. Beyond proving your buying power, pre-approval helps define your true budget and prevents heartbreak later.
In a city where homes can go in contract within days, Baruh’s clients stay one step ahead. “Preparation beats hesitation every time,” he says. “Pre-approval turns you from a shopper into a serious buyer.”