h1

Show Me The Money…

June 5, 2008

Show Me The Money”

 

 

In today’s real estate world…financing is critical. It is often the difference between deal or no deal. So, how do you make it work? There are a number of factors to consider:

 

Is the buyer’s lender local and reputable?

Has the buyer been pre-APPROVED?

Is there a significant down payment?

Will the house appraise?

 

Without a yes answer to the above questions, your contract could be in jeopardy. It is always important to work with a lender who properly qualifies prospects, No ambiguous language allowed on that pre-approval letter (look for the “out” clauses”)! Make sure you actually talk to the lender and find out the specifics on the borrower. Is the buyer putting down some funds…money talks in this market and deals are done when the buyer has contributed to the bottom line. Finally, is the home priced right? In today’s market…we don’t want to be a part of the problem.

We have to be problem solvers!

 

 

 

Advertisements

One comment

  1. Yes, be a part of the solution. People still want to buy, banks still want to make loans. But now we play by a new set of rules. Well maybe not “new”.
    Back to the basics.

    It’s nice to know the worse is over and people are back in the game.

    http://nacreps.org



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: