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How do I Know if I have Good Buyers?

By
Real Estate Agent with RE/MAX Benchmark- Marty Remo-CDPE, E-Pro

You can tell if your buyers are good when they have a letter from their lender stating they are pre-approved, not just pre-qualified. Unfortunately today, many pre-qualification letter say PRE-APPROVED.  The letter must state they have high enough credit scores and their income to debt ratio is in line with the price of your home. The letter should not be filled with conditions other than an appraisal.

In most cases, if the buyers are moving from one house to another they are typically good buyers. However, do not let this be considered pre-approved simply because they are moving from one home to another. Before you agree to sell your home to these buyers, I would reccomend checking on their buyer's qualifications.

Posted by

Sincerely,

Marty

 

Martin T. Remo

Lic. RE Associate Broker

HV Home Team at

RE/MAX Benchmarkmark Realty

(845) 510-8063 Direct