Why Get Pre-Approved?
1) Today most listing agents will request a pre-approval if financing and proof of funds if paying cash prior to any onsite viewings of the property.
2) By being pre-approved you'll know, rather than guess, the budget range of properties you could successfully purchase.
3) Rather than guessing what a payment might be on a property, you'll know the payment and therefore can better judge how much you'd want to invest.