Hi Cheri. That is a great question. When we work with buyers, finding the right house is just 1 element to the equation. Before we spend time showing properties, we must ensure that the buyers are qualified to purchase the homes that we show. When we write up offers, we need to know what the financing terms are as we have to include information about the financing in the offer. It is important that we have a solid understanding of the financial qualifications of the buyer and we need to determine that by talking to the buyer's loan agent. It's important that we don't write up an offer that includes terms that the buyer's loan agent can't meet and we need to know the strength and weaknesses before we write up an offer. You would not want to get an offer accepted just to find out that you won't be able to perform because of a loan issue that your agent did not know about. You, your real estate agent and loan agent should work as a team, not separate entities, to have a successful transaction. I hope this helps.
Good luck with your purchase.
Ute Ferdig
916-75-1267 - Yesterday at 1:42pm