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  • May 15, 2008 at 6:36 AM #12740
    tc
    Participant

    So my realtor sent me an email. He wants me to be pre-approved before looking at a property. I just thought this was something new.

    Email:

    Before you request a showing of a property, please get a loan pre-approval. I have a list of conventional lenders, VA lenders, and FHA lenders if you need to contact someone to get a loan pre-approval.

    Whether the sales are short sales, foreclosures or a property being sold by an owner – a loan pre-approval letter is now required when making an offer to purchase a property.

    Nationwide about 85% of all short sales offers do not result in a sale. Lenders do not want to respond to offers where they lose money. I prefer not to write offers on short sale properties but will if you really want one – also, I have a list of younger agents who will write such offers.

    Foreclosures are different. I usually get a response within a day or two.

    If you are unsure of what type of sale a property is – e-mail me and I’ll find out and let you know.

    Best regards,

    May 15, 2008 at 8:01 AM #204566
    LarryTheRenter
    Participant

    You might want to get another agent….Although you can’t really argue with being pre-approved as you can maybe jump quicker on a property, especially foreclosures….But his attitude is that he doen’t want to put in the effort unless there is a high probablility of a commission….

    I would ditch him and remember that there are alot of other agents out there who have alot of free time on their hands…..It is your money.

    May 15, 2008 at 8:01 AM #204614
    LarryTheRenter
    Participant

    You might want to get another agent….Although you can’t really argue with being pre-approved as you can maybe jump quicker on a property, especially foreclosures….But his attitude is that he doen’t want to put in the effort unless there is a high probablility of a commission….

    I would ditch him and remember that there are alot of other agents out there who have alot of free time on their hands…..It is your money.

    May 15, 2008 at 8:01 AM #204644
    LarryTheRenter
    Participant

    You might want to get another agent….Although you can’t really argue with being pre-approved as you can maybe jump quicker on a property, especially foreclosures….But his attitude is that he doen’t want to put in the effort unless there is a high probablility of a commission….

    I would ditch him and remember that there are alot of other agents out there who have alot of free time on their hands…..It is your money.

    May 15, 2008 at 8:01 AM #204666
    LarryTheRenter
    Participant

    You might want to get another agent….Although you can’t really argue with being pre-approved as you can maybe jump quicker on a property, especially foreclosures….But his attitude is that he doen’t want to put in the effort unless there is a high probablility of a commission….

    I would ditch him and remember that there are alot of other agents out there who have alot of free time on their hands…..It is your money.

    May 15, 2008 at 8:01 AM #204698
    LarryTheRenter
    Participant

    You might want to get another agent….Although you can’t really argue with being pre-approved as you can maybe jump quicker on a property, especially foreclosures….But his attitude is that he doen’t want to put in the effort unless there is a high probablility of a commission….

    I would ditch him and remember that there are alot of other agents out there who have alot of free time on their hands…..It is your money.

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