1,847,051
Nothing else. That's about all we can do with confidentiality laws now.
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Eve Alexander
Tampa, FL
-
Brenda Mayette
Glenville, NY
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
John Meussner
Fair Oaks, CA
1,056,432
A completed pre-approval form based on actual review documentation. LOL
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Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Lyn Sims
Schaumburg, IL
2,784,716
If the buyer agent is not perky, confident and cooperative, I go into what I need to know along the lines of proof of funds and lender on-board. I have called lenders and will call banks to make sure my client is protected
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Michael Jacobs
Pasadena, CA
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Candice A. Donofrio
Fort Mohave, AZ
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John Meussner
Fair Oaks, CA
716,032
We need pre-approval or if financing from the sale of another home, proof that the home is in escrow - and we commuicate with the listing agent to verify where the deal is and assurance that it will close.
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Candice A. Donofrio
Fort Mohave, AZ
-
Michael Jacobs
Pasadena, CA
-
John Meussner
Fair Oaks, CA
4,319,773
John Meussner - just pre-approval letter along with the offer and mandatory agency disclosure.
-
Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
637,484
There is no "one size fits all". In many cases, just the pre-approval letter if I know the agent and her track record. It's not up to me to dictate where they get the loan or what kind of a loan unless the closing is stretched out.
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
3,988,013
I don't generally ask for anything else. I sometimes will call and have a chat with the lender or send a text.
-
Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
5,254,675
I want to verify with the lender that the pre-approval AND the buyer are solid. There is a LOT riding on getting a home Closed and to have it fall through due to financing can often be avoided by a quick phone call to the lender prior to the seller accepting an Offer. In this day and time of multiple Offers on nearly every listing, sellers can be selective...and that lender call can make a difference!
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Candice A. Donofrio
Fort Mohave, AZ
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Michael Jacobs
Pasadena, CA
400,356
A competent lender. That's what I want. Unfortunately, as a listing agent, I can't dictate which lender a buyer chooses. The most I can really do is get a cross qualification.
-
Candice A. Donofrio
Fort Mohave, AZ
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Michael Jacobs
Pasadena, CA
1,466,257
John Meussner Only a pre-approval letter.
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Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,583,328
only the pre-approval letter....
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Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
1,027,602
I like to know if the lender has verified assets, income, employment, etc.
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,060,824
POF for the down payment and closing costs
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Michael Jacobs
Pasadena, CA
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Kasey & John Boles
Boise, ID
991,352
That's all I ask for - I do notice more agents now asking "Married or single", "Why do they want to buy", "Can they afford the mortgage".
I guess they never learned the laws!
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John Meussner
Fair Oaks, CA
3,986,308
6,418,440
In adition to knowing the qualifications of the approver, I like to see type of financing, employment records, income, and credit worthiness of those who are asking me to accept their offer.
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Michael Jacobs
Pasadena, CA
4,434,177
4,272,934
I provide several documents on the MLS that I like returned with the P&S....
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Michael Jacobs
Pasadena, CA
1,553,599
POF
That I feel good about their lender & Realtor.
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Michael Jacobs
Pasadena, CA
3,416,038
That the LO's name and number is on the pre approval, a copy of deposit with an offer and from some an actual check.
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Michael Jacobs
Pasadena, CA
766,079
Proof of Funds of course, loan approval letter, preferably DU Direct Underwriting Approval subject to Appraisal, Title etc. A RE/MAX Company in So. Ca. was fined millions of dollars for loan practices. Our company no longer wants us to ask for our choice of lenders to review credit worthiness of buyers. This means limit contingency removal to 17 days and pray.
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Michael Jacobs
Pasadena, CA
3,589,741
John we do the best we can to really vet the buyer. If I know the agent and it's a top agent I generally know they've done their job but we still vet out the appropiate infor we need to protect our sellers.
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Michael Jacobs
Pasadena, CA
1,241,879
local loan broker or name bank
Internet out of the area pre-approvals offers are not considered ......
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Michael Jacobs
Pasadena, CA
117,135
Proof of funds for the deposit or down payment.
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Michael Jacobs
Pasadena, CA
4,901,858
1,712,776
979,596
John - I do not feel it is my place to ask the buyer, or buyer's agent for anything else as the listing agent. I trust that the buyers agent is professional and doing their due diligence on their end.
It frustrates me when I am working with a buyer and the listing agent is asking for all sorts of documentation from the buyer, like employment info, income verification, proof of funds, etc., and sometimes even before an offer has been accepted. I believe that presenting any financial information to the seller or listing agent could put my buyer in a compromising situation when it comes to contract negotiations, etc. The buyer is not working with the listing agent, and neither is the lender, so why should the listing agent ask for more than what is required per the purchase contract. I don't even believe a listing agent should be talking with a buyer's lender due to confidentiality, and again, could be an issue when it comes to negotiations.
Here is just one example - If listing agent discovers buyer has plenty of money by talking with buyer's lender, and buyer is asking for repairs on the home inspection. Listing agent could easily play hardball and just tell buyer if they want the home they will have to pay for all home inspection issues, as seller will not pay for any repairs.
1,506,163
1,728,256
In many cases, we do require cross-qualifications with our trusted lenders.
4,961,536
The pre-approval letter plus a phone number of the lender to call him and ask questions,'
1,617,916
3,349,554
Approval letter and proof of funds which are required to get an offer accepted in my market. Whatever else a lender needs to create that approval letter is on the lender.
3,071,489
Copy of EM check and/or Proof of Funds if offered down payment is significant
5,240,021
I am with Lyn Sims on this! There is only so much you can do or your reputation will suffer and so will showings on your listings!
4,800,132
599,734
7,864,157
5,113,121
Nothing... what's the basis on which we can stick our noses further into a buyer's personal/financial situation? I pay attention to the quality of the pre-approval letter and who it comes from.
4,582,434
Proof of funds along with a conversation with the lender. If a lender reaches out to me first that can be a positive indication as is the lender who answers his/her phone and/or responds quickly and competently. Past performance of the lender, if available/applicable, is an important factor too.