I was contacted by a buyer asking about a 4 flat in Joliet. Before I do ANYTHING, I ask that buyer to get preapproved. I will not show properties unless I know they can write an offer. He contacted me DECEMBER 19, 2011!
I repeatedly told him I needed to make sure he could purchase the property before showing it to him. I constantly checked in with him. I followed up with him on Monday and he said he was (finally) going to get around to going to the website I suggested to get preapproved.
Today I rec'd this email from him: Well it looks like that one is sold and it was the only one I was interested in because it belonged to my uncle. If I have any future interest in a property, I will contact you. Thanks a lot.
My response was to him "You had 2 months to get preapproved and you could have already closed on this property. So instead of just not doing anything, still get preapproved NOW so you don't miss another great opportunity."
It surprises me that buyers, in this market, still don't think they should get preapproved before viewing homes! First, they need to know their buying power and if they are comfortable with the total monthly payment. Second, we could be wasting time if you have an issue on your credit that you need to resolve. Third, YOU CAN MISS A GREAT HOME BECAUSE YOU DIDN'T GET PREAPPROVED!
FIRST STEP IN HOME BUYING - KNOW YOUR BUYING POWER! Contact me today to get you started!
Comments(2)