We are primarily listing agents in southeastern Wisconsin and enjoy having the honor of showcasing houses throughout the area for lucky buyers to call their next home.
We are vigilant in helping Sellers prepare inside and out, for the best possible experience for potential buyers...from professional cleaning, staging, handyman repairs and painting...we encourage our Sellers to "put their best house forward" and offer the resources to help them do just that. Putting all the pieces together from curb appeal to "eye candy interior" and mechanical repair...our checklist covers many aspects of each home we list.
When we receive an offer...the diligence continues. We require that the buyer submit an offer from a locally recognized lender. Half a dozen times in the last several months, we have gotten letters...from Lenders that were not known....and as the result of years of practice, we know this can be a problem.
We know that all lenders are not created equally....and for whatever reason, still issue pre-approval letters to Buyers that are not qualified for the amount...for the kind of loan...maybe not for any loan at all without some modification to their financial situation. Here are some examples in recent months:
- Debt to income "imbalance"
- Limited time being self employed
- Low credit rating
- Bankruptcy too recent
- Name on another mortgage...no a "quit claim" does not erase you from the loan obligation
We keep our Sellers safe and require that the Buyer be pre-approved by any one of the lenders on a list we provide their agent.
Do Buyers agents complain ? Sometimes....and they are the same ones surprised that the Buyer they believed was pre-approved by a lender they trusted....needed a co-signer, had to reduce their debt, increase their credit rating etc.
The only thing worse than no offer at all...is one accepted from a Buyer who is not qualified...taking the home off the market by flagging it "active with
offer" in MLS to find out the offer would never become a closed transaction.
If you or anyone you know is looking for Realtors who are vigilant in every sense of the word and watch the "financial back" of both Sellers and Buyers...Call the Hansons...a foundation of education supported by successful experience.