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What If My Dream House Sells Before I Get Pre-Qualified?

By
Real Estate Agent with Cedar Rapids/Iowa City, IA KW Legacy Group S44645

What If My Dream House Sells Before I Get Pre-Qualified?

 

I won't lie.  This sometimes happens.  Especially in certain price ranges and neighborhoods.  It usually happens to "buyers" that weren't really looking to buy but stumbled into an open house or upon a home that they have always loved.

 

A few weeks ago was one of those days.  An excited buyer contacted me through Zillow.  This particular home had been on the market for months.  As I request with every new buyer, I ask that she meet me at the office for a home buyer consultation.  

 

nervous lady

 

We discussed her timeline, her budget, her wants for her first home, etc.  She even had been to a lender but didn't feel comfortable with that particular person and wanted to meet with some others before choosing.  Fair enough.  She had called and met other agents as well before meeting with me.

 

Ultimately, I connected her with one of my lender partners for the next day and we went to see the home that she originally contacted me about.  She loved the house, she could picture living there and what she could do to make it her own.  It seemed too easy.  

 

And it was.....the house sold the next day to another buyer.  And she could not make an offer because she was not pre-qualified.  The first week that we looked at other homes, she kept comparing them to the "one that got away". Until last week when she found a new "dream" home.  Only this time, she was ready to make an offer.  This time she was the buyer that got the house.  And it was so much better for her than the first one that got away.

 

Sometimes, it takes a loss to get focused on what you really want.  Don't be afraid to lose one that you think is "the one" because there is usually another one that will come along later.  The important first step is to meet with an agent and get pre-qualified.  Then you can start your search ready to make an offer if the perfect home comes along.  

 

I would love to be a part of your story!  Call me for a free home buyer consultation and we will work together to find and purchase your first or next home.

 

Keep smiling~

 

Karen

 

 

Posted by

 

Karen Feltman, REALTOR®, ABR, AHS, CHMS,                                                                      CNE,CRS, e-Pro, green, GRI, SRES, TRC

Keller Williams Legacy Group

4850 Armar Drive SE Ste B

Cedar Rapids, Iowa 52403

Email: karenfeltman@gmail.com

Mobile  319-521-0701

www.KarenFeltman.com

Licensed in the State of Iowa

© 2010-2021 by Karen Feltman, Cedar Rapids/Iowa City Relocation Specialist 

John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Glad your buyer landed in her true dream home...with patience we usually end up with something better than 'the one that got away'.

Oct 08, 2014 06:14 AM
Karen Feltman
Cedar Rapids/Iowa City, IA KW Legacy Group - Cedar Rapids, IA
Relocation Specialist in Cedar Rapids, Iowa

John Meussner Isn't it funny how that works?  It doesn't seem possible at the time of the loss, but it usually works out in the end.  Thank you for reading.

Oct 08, 2014 06:19 AM
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I had another one like this happen a couple of months ago. Their dream house, they weren't prequalified and it sold the next day. Sometimes my clients ignore my advice to get prequalified before we start looking. Glad yours found another dream home!

Oct 08, 2014 06:47 AM
Robert McArtor
RE/MAX Components - Fallston Maryland - Bel Air, MD
Top Listing Agent for Baltimore and Harford County

Wait...did you just call me yesterday?!...lol...I get that question all the time...

Oct 08, 2014 07:20 AM
Karen Feltman
Cedar Rapids/Iowa City, IA KW Legacy Group - Cedar Rapids, IA
Relocation Specialist in Cedar Rapids, Iowa

Kathleen Luiten It happens too much!  Time to stop the insanity.  Thank you for reading.

Robert McArtor LOL.....it feels like we all have the same clients sometimes doesn't it?  Have a great weekend!

Oct 10, 2014 07:04 AM
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

Karen, Thanks for a great post. I all but insist that they work with a lender before I start showing. 

Oct 13, 2014 01:19 PM
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

Karen, I do have one thing I tell buyers if the home they love gets away.  Dream homes at like the bus another one comes along every 15 minet I believe that there are many dream homes out there.

Oct 13, 2014 01:30 PM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Karen, so glad about your happy ending.  I'm going through this same thing right now, holding our breaths hoping the house doens't sell before my guy's pre-approval comes through on Monday from his credit union!

Oct 18, 2014 12:40 PM