For me, unless you are a past or current client, or personal referral, I
always ask you for a pre-approval before we look at properties, as part of my
own business policy. There are more behind-the-scenes action required to set up
a home showing that most wouldn’t even thing of: Phone calls between
buyer’s agent, seller’s agent, sellers, showing appointment service, etc.
Often, the seller must make arrangements to pick up the kids, dogs, or
get an elderly relative out of the house. Seller’s must also get the house
picked up, leave the lights on, load the family in the car, etc., hoping that
you are the buyer for their home. Not only would I prefer to not shedule showings appointments with the
intent to misuse the sellers time and expectations by showing their property; some may not realize that being a realtor is a commission pay only position. Although a buyer does not pay for realtor services or be represented by a realtor (seller pays selling agents broker at
closing), but realtors don’t get paid until they find you a home, offer is written,
inspections and appraisals take place and loan is closed with the title
company. So driving around when you are just window shopping is not feasible
for for any agent, as this is business and we have to make wise decisions or go bust.
You ask “Why do I want you to be pre-approved before looking at
homes?” “What harm can it do just to look?” As a Real Estate Agent,
we get frequent calls from people that “just want to see a house.” When asked if they have been pre-approved, they say “I will talk to a lender when
I find the home I want to purchase.” In today’s market, many people
aren’t able to get approved because of tougher financing guidelines. It’s a new
world of banking and mortgage requirements. You should want to be certain that you
are looking at homes that you will be able to purchase in terms of qualifying
for the mortgage, as well as the property itself (some homes will not qualify
for certain types of financing). Too often, I have seen transactions fall
apart at the last minute because of financing issues.
In an ideal situation, after you obtain your pre-approval, I would like to meet you in person to discuss some very important things about the home finding process, such as: * What type of home, size, areas, etc. * What are some important things about your lifestyle I may need to know * What is your timeframe? Do you have a home to sell? Are you locked into a lease? * The ways I can search (or set you up with automated searches) for you – and how you would prefer to receive information * Home and Other Inspections * Lead Based Paint, Mold, Home Warranties * Title Insurance, Negotiating the Contract * What to expect at the closing * And many, many other details that I would like for you to know in order to be able to make the most informed decision possible *
IVY LEAGUE REALTY
214-734-5872 (cell/text)
FAX Number 888-514-2186
www.pickrenee.com
pickrenee@gmail.com
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