If I am already qualified, why do I need to talk to the Seller’s lender?
April 20, 2010 by Kristin LaVanway · Leave a Comment
Seller’s requirement for prequalification can be a double-edged sword
Today’s question addresses the common practice of the Seller to require that the Buyer pre-qualify for the mortgage with the Seller’s lender or their offer will not be considered. Dean Ouellette and I discuss the reason – to make sure the Buyer can perform – and the reality – the Seller is trying to drum up business for their lender.
As always, Sasha (Tall Shoes) Lopez keeps us on track!
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I am a Realtor in Gilbert, AZ, working with clients throughout the Phoenix Metro area. I am lucky to love what I do and appreciate the difference I can make in people's lives.
In a previous life, I was a rocket scientist - really! - but decided to step away from corporate America to be a Mom to my four boys. Found it hard to do bake sales, so I ran a small independent programming business instead.
Flash forward...I am now a single mom and I face many, many challenges everyday. I am living through the hardships that many are facing in this economy. These experiences have motivated me to help other people in my shoes.
I have teamed up with Dean Ouellette to form the East Valley Team - the best darn team in the Valley. Check out our site at http://www.EastValleyTeam.com. I spend way too much time on YouTube - check ou tmy channel at http://www.youtube.com/klavanway
