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“I have 3 Dozen Pending Pre-Qualifications”

By Joe Petrowsky

Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

March 24, 2016 08:21 PM

“I have 3 Dozen Pending Pre-Qualifications”

The same time last year I had 19, so for me it is simple math. There are more prospective buyers in the market place right now. Interest rates are low and rental costs are going up, I see it as the perfect storm.

I track everything or just about when it comes to my business. 4 out of 5 prospective buyers that I do a pre-qualification for come to me as a referral and the rest come from leads that come to my website as a result of my blogging efforts.

Hi Joe!

Thank you so much for meeting with me Monday, it was very nice talking to you and I'm excited to start working with you and becoming a homeowner! My parents were right.

I have given your name to one of my co-workers this morning, she will contact you soon.

Enjoy the rest of your night

- Kristen

Image courtesy of Phanlop/freedigitalphotos.net

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Sussie Sutton

David Tracy Real Estate - Houston, TX

David Tracy Real Estate for Buyers & Sellers

You are so right.... the rents are skyrocketing in price! It REALLY is cheaper to buy a house.

Mar 25, 2016 01:35 AM

Anna Hatridge

Farmington, MO
Lou Ludwig

Boca Raton, FL

Grant Schneider

Performance Development Strategies - Armonk, NY

Your Coach Helping You Create Successful Outcomes

Hi Joe - your metrics certainly are good news for the spring market. Congratulations!

Mar 25, 2016 02:52 AM

Anna Hatridge

Farmington, MO
Lou Ludwig

Boca Raton, FL

Carol Williams

Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA

Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Joe,
That's great news! I hope many of them find the home they want and finance through you.

Mar 25, 2016 07:14 AM

Anna Hatridge

Farmington, MO
Lou Ludwig

Boca Raton, FL

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Joe this is a much better Spring Market this year than it was last year. If the majority of the Pre-Quals turn into loans this will be an excellent Spring.

Mar 25, 2016 08:34 AM

Anna Hatridge

Farmington, MO

Melissa Spittel

Coldwell Banker Residential Brokerage - Westminster, MD

"Achieving Results Together "

Spring market does indeed look good, both for listings and buyers.

Mar 25, 2016 11:40 AM

Diana Dahlberg

1 Month Realty - Pleasant Prairie, WI

Real Estate in Kenosha, WI since 1994 262-308-3563

Your Statistics are good and a good sign that things have definitely picked up. I'm seeing it here too! However, the competition is fierce due to low inventory.

Mar 25, 2016 12:05 PM

M.C. Dwyer

Felton, CA
Anna Hatridge

Farmington, MO
Lou Ludwig

Boca Raton, FL

Lou Ludwig

Ludwig & Associates - Boca Raton, FL

Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Joe

Your business is smoking hot . . . . Way to go Joe.

Good luck and success.

Lou Ludwig

Mar 25, 2016 12:13 PM

Anna Hatridge

Farmington, MO

Anna Hatridge

R Gilliam Real Estate LLC - Farmington, MO

Missouri Realtor with R Gilliam Real Estate LLC

How wonderful to hear that buyers are talking you and getting ready to buy the home of their dreams.

Mar 25, 2016 12:39 PM

Anonymous

Donna L Brown

Congratulations on the increase. Best of luck to you and your buyer clients.

Mar 25, 2016 01:31 PM

#26

Noah Seidenberg

Coldwell Banker - Evanston, IL

Chicagoland and Suburbs (800) 858-7917

You are a lean mean working machine Joe.

Mar 25, 2016 01:58 PM

M.C. Dwyer

Felton, CA

Endre Barath, Jr.

Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA

Realtor - Los Angeles Home Sales 310.486.1002

Joe Petrowsky does that mean consumer confidence it stronger or is it that it is making up for the brutal winter? How was your winter comparison? Endre

Mar 25, 2016 02:08 PM

Marte Cliff

Marte Cliff Copywriting - Priest River, ID

Your real estate writer

That's wonderful news - for you and for the agents in your community. Keep up the good work!

Mar 25, 2016 02:20 PM

M.C. Dwyer

Melody Russell Team at eXp Realty of California, Inc. - Felton, CA

MC Dwyer-Santa Cruz Mountains Property Specialist

See, here's the thing Joe Petrowsky - I think the reason you have more buyers in the pipeline is BECAUSE we are in the perfect storm. I don't like bad storms. I live in the mountains, where bad storms wreak havok! The perfect storm is brewing because there isn't enough inventory of homes to sell. Still, I congratulate you on your start to an awesome 2016....

Mar 25, 2016 04:33 PM

Craig Cooper

Chase International Real Estate - Tahoe City, CA

Creating-Preserving-Growing Wealth in Real Estate

Joe, that is very impressive. I have to believe the doubling of your pre-quals from a year ago are due to the way you handle your own business and not so much a function of the market? Out West we seem to have a mortgage slow down and short inventory.

Mar 25, 2016 05:34 PM

Elyse Berman, PA

LoKation Real Estate - Boca Raton, FL

Boca Raton FL (561) 716-7824

Joe Petrowsky These emails are always so nice to receive. Your clients really appreciate you and what you do for them; that is apparent.

Mar 25, 2016 09:11 PM

Ron Aguilar

Gateway Mortgage Group - Saint George, UT

Mortgage & Real Estate Advisor since 1995

Build your list by all means possible by nuturing, incubation, conversion and analysis. When interest rates go up the person with the largest list including persona information will survive, starting building now people...

Mar 26, 2016 12:24 AM

Sharon Parisi

United Real Estate Dallas - Dallas, TX

Dallas Homes

Joe, this is great news for you and may be a positive sign for this year. Dallas sellers are still in the driver's seat and enjoying multiple offers.

Mar 26, 2016 03:27 PM

Mary Hutchison, SRES, ABR

Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO

Experienced Agent in Kansas City Metro area

Oh, interesting that you track all your business like that. Sounds like there is a shortage of inventory all around the US! Should be a good year for you.

Mar 27, 2016 07:26 AM

Roy Kelley

Retired - Gaithersburg, MD

It is good to see that you are very busy. Have a most productive spring.

Mar 27, 2016 11:10 AM

Gene Riemenschneider

Home Point Real Estate - Brentwood, CA

Turning Houses into Homes

I suspect Joe you ask the right questions to get the loan done. I have a prospect that told me he could only qualify for X. But knowing his situation I suspect the lender did not ask the right questions or know how to handle it. I am meeting him tomorrow and will point him in the right direction.

Apr 07, 2016 10:07 AM