Friday, February 23, 2007

Pre-Qualification of Buyers

One of the single best and easiest things a buyer can do to improve his/her bargaining position is to obtain a pre-qualification letter. For cash buyers this can be in the form of a letter from their financial institution simply stating they have sufficient funds available to cover the intended purchase costs. For someone that plans to secure a loan, lenders can normally obtain all the information necessary by phone in a few minutes. They can then fax or email a letter for me to have on file that states you are approved up to some amount.
  • I have no need to know particulars of your financial situation, only what range we should stay within.
  • A Seller has no need to know what your limit is, only that it is sufficient.
This is of utmost importance to both of us. Most of the services I provide can only be provided for per-qualified buyers

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