Why we get Buyers Pre-Approved
This excellent post was written by my friens Missy Caulk in Ann Arbor Michigan. It holds true for any market and is great advice.
Many times buyers have the idea that we want them pre-approved for a loan for us.
We don't care just for us but to help them Search for homes in the correct price range in Ann Arbor Area.
This buyer had emailed me to see if I knew of any homes that could be bought on land contract. I emailed back and ask her why she would want a land contract when you can get a FHA loan, with 3.5% down and sellers concessions at a LOW interest rate.
Here is an email I got today:
Well I am asking, because we just tried getting a FHA loan, and we were denied for two reason, My husband had back childsupport and his tax return is paying it off but we are waiting for it to pay it off, and the other reason is he has a Federal loan out from when we was in school, and he didn't pay on it for a period. so in June it will have been 12 months that we have been consistantly paying on it.
So... I guess that was why i am asking. I have two little girls, and a sick of apartment life, and want a house to call my own, which I am sure you understand! So... That is where we are at to catch you up. I am not sure how much you can help us.
We had a house picked out and everything and went to go put a offer in and found out we weren't qualified! So my heart has been broken!
Any suggestions? Jen my sister told me to ask you, or your daughter and i happened to pass by something by you today! so I thought i would ask!
- Buyer wanted to make an offer.
- Fell in LOVE with a house
- Heart was broken
It is not about us, but about them
Don't be afraid to get a Buyer qualified before their heart is broken.
Yes, I know we waste gas and time. But........................
I don't like to see hearts broken and folks not qualified to purchase
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Missy Caulk & Team can be reached at 734-216-2822 or email: Missy@MissyCaulk.com
Our TEAM of 6 buyer associates are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.
Thinking of selling your home?
Search the Ann Arbor Area MLS.
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