Pre-Approvals Required!

By
Real Estate Agent with Charles Rutenberg Realty of Illinois

Please Get a Pre-Approval Before Previewing Properties!

It happens all the time.  A person will call me to inquire about a property listing.  I'm more than happy to offer more information and ask if they're working with an agent.  If they aren't, I usually try to find out a little more about their needs and whether they are serious buyers or just looking.  As a real estate professional, it does little for me to offer my time to those who aren't serious buyers because they can get a lot of free information off the internet without ever wasting an agent's time inside a property that they cannot afford or don't like. 

I ask my clients to have a pre-approval before showing them a house because I want them to show  me that they are serious buyers who have discussed their finances with a mortgage lender who also takes them seriously.  Plus, I'll call the mortgage lender to verify the pre-approval (yes, we can check up on a potential buyer).  There is nothing worse than finding a great house that is completely out of the price range and being disappointed right out of the gate.  This is a tough market and only newer, inexperienced agents will have the time to spend on "just looking" buyers when "serious" buyers are seeing 30-40 homes and taking an average of 5-7 months to make an actual purchase.

So, yes, you need to have a mortgage pre-approval or proof of funds to see the house.  No exceptions.  

www.ElginFoxValley.com
Twitter @jkinzle
Jennifer@ElginFoxValley.com

Posted by

Jennifer Kinzle
Charles Rutenberg Realty, e-Pro 

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Topic:
Home Buying
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Illinois
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Keller Williams 'Rainers
Out Of The Box!
Posts to Localism
Chicagoland and Northern Illinois Real Estate
Tags:
preapproval
mortgage
proof of funds
previewing property

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