Columns Kathy Caufield: Why Preapproval Letters are Important for Homebuyers May 26, 2022 11:13 am by Anthony Treye Hanner Views: 4 With fewer homes on the market, do we have a better chance to get an offer accepted if we have a pre-approval letter? While a preapproval letter is not necessary to put in an offer on a property, it definitely strengthens your offer and helps it sYou've reached subscriber-only content Simply Register For Free Access Already a subscriber? Log in here.