CHAPTER 21 Read This Before You Sign a Contract With a Buyer
Imagine taking your home off the market for 60 days while a prospective buyer tries to buy it. Then, 60 days later, the buyer finds out they can’t get a loan. You just wasted 60 days of marketing time! Now, imagine that during the 60 days, another buyer wanted to buy your home. But the buyer couldn’t purchase it. Why? Because you signed a contract with the first buyer. By the time you find out the first buyer could not obtain financing, the other buyer had already bought a different house! This happens every single day. Ouch! You just lost a sale! This is why it’s so important to make sure a buyer is able to obtain financing before you sign a contract. Fortunately, I can help prequalify any prospective buyers. I maintain close relationships with lenders who have every loan option that has ever been invented...and is still legal! They will tell you whether the buyer will be able to obtain financing. It costs you and the buyer nothing to have my trusted lenders prequalify them. By shopping around, the buyer will also be sure to get a loan with the most competitive interest rates available. You can rest easy, knowing they will be able to obtain financing. This is a free service. The buyer is under no obligation to use one of my top lenders to get a loan. Rather, you will know the buyer is well qualified to buy your home, and the buyer will be able to choose the best loan for their financial needs: 106
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