condition precedent: Are you working with a “Bona Fide” Buyer?
- 08/23/10 06:34 PM
Are you working with a “Bona Fide” Buyer? Many Buyers don’t have the financial resources and cannot qualify for a mortgage. It is therefore imperative that all Buyers be pre-approved before they start tying up the assets of a Seller with bogus offers. Asking the Buyer a few pre-screening questions is a good idea: What amount are you pre-approved for? How much do you have put aside for closing and moving costs? How much do you have put aside for a down payment? Can you provide a letter from the lender confirming your bona fides? How much deposit (non-fundable consideration) will … (10 comments)
(formerly the Adoxographist's Blog)
...skilled writing about an unimportant subject, or is that unskilled writing about an important subject?
Well I don't know so as things unfold please judge for yourself...
...don't forget to leave a comment, and thanks for visiting.
John Grasty is a REALTOR® serving the Tri-Cities (Coquitlam - Port Coquitlam - Port Moody) real estate market.
Please check out John's website: http://www.RealEstateEvolved.com
Are you working with a “Bona Fide” Buyer?
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