CHAPTER 21 Read This Before You Sign a Contract With a Buyer
Consider this scenario: You've taken your home off the market for 60 days while a prospective buyer attempts to purchase it. But after two months, that buyer discovers they can't secure a loan. You've just wasted two months of marketing time! Now, picture this: During those 60 days, another buyer expresses a strong interest in your home. However, you can't sell it to them because you've already signed a contract with the first buyer. By the time you learn that the initial buyer couldn't obtain financing, the second buyer has already found and purchased another house! Ouch! You've lost a sale! This underscores the critical importance of ensuring a buyer's ability to secure financing before committing to a contract. Fortunately, although I'm not a loan officer, I can assist you in ensuring that any potential buyer is pre-approved. I can provide valuable insights into whether they'll likely secure financing. The best part is that there is no cost involved in having me verify the creditworthiness and pre-approval status of potential buyers. I can also assist in evaluating and selecting a lender who will diligently work to secure their loan, often with highly competitive interest rates. You can have peace of mind, knowing they are likely to obtain the necessary financing. This service comes at no charge. Buyers are not obligated to use the lender I recommend, but if necessary, I can guide them in 80
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