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We save our sellers time, aggravation and money, by pre-approving your buyers BEFORE we sell their homes! Thier best interest is our best interest. Pre-Approval is vital to the Purchase process, although most agents don't know how to pre-qualify their buyers - we do!
BUYERS MUST KNOW HOW MUCH HE/SHE CAN AFFORD:
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agent usually say's why not! How in the world would the agent know? Unless of course they were able to pre-approve the Buyer? Here are some Reasons why: |
WHY BUYER CANNOT BUY
THE BUYER COULD HAVE:
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No
Cash Down Payment or Assets: |
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No
Friends or Relatives who will loan him/her money for a down payment,
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No
Cash, Checking or Savings Accounts, |
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No
401k or Stocks or Bonds or Assets to Purchase. |
THE BUYER COULD HAVE:
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New
Car Payment, |
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High
Credit Card and/or Debt Ratio, |
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Bad
credit or no credit, |
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Bankruptcy
was filed after a search of records occurred. |
OTHER BUYER ISSUES:
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Has to pay child or alimony payments every month |
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Has
a wife who doesn't work and likes to spend money, |
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Supports
a large family or lives with his in-laws. |
THIS BUYER COULD ALSO HAVE:
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A low paying job, or |
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Not
have sufficient income, |
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Doesn't
have study income, |
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Has
not had study work for 2 years or more. |
ACCEPTING AN OFFER FROM AN UNQUALIFIED BUYER - ONLY LEADS TO TROUBLE:
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It doesn't sell your home and complicates your future moving plans for a new home; |
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It can take your
home off the market, making it impossible to sell to a qualified
buyer; |
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Ends up in Escrow
week after week waiting for a loan agent to approval or disapproval;
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MOST SELLING AGENTS - DON'T HAVE A CLUE ABOUT THE APPROVAL PROCESS:
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Ask if their buyers are pre-approved - they hope they are so they can sell them a home. |
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Believe it is not
their job to pre-qualify the buyer or ask for pre-approval letter, etc.,
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Convey to buyers
the importance of pre-approval before they start home shopping.
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Divulge which loan
programs save the buyers the most or yield the sellers
the most? |
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When a buyer asks us how much they can afford to purchase - our answer is always a
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IT'S A NUMBERED FIGURE!
