Home Buying in Albany>Question Details

Andrea Faboz…, Real Estate Pro in Albany, GA

I saw this in a listing description: "valid PQ or VOF with offer!" What does that mean?

Asked by Andrea Fabozzi, Albany, GA Wed Jan 25, 2012

This is the listing: http://www.trulia.com/property/3064706245-409-Madison-Ave-Al…

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8
Yes, these refer to pre-qualification letter and verification of funds. As mentioned earlier, these are valuable tools in determining what you can afford and getting your purchase offers taken seriously. It is always smart to have your funding in place prior to looking at properties. You would hate to lose your dream home to someone that has their funding in place and can move faster than you on the purchase.
0 votes Thank Flag Link Mon Mar 5, 2012
Pre Qualiification letter and Verification of Funds (if cash deal)

Chris
0 votes Thank Flag Link Wed Jan 25, 2012
Pre-Qualified & Verification of Funds. So in other words you must have proof that you have the funds if you want to purchase the property.
0 votes Thank Flag Link Wed Jan 25, 2012
Be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously; therefore if purchasing with a mortgage, they would like a mortgage pre-approval to accompany one's offer; or if paying in cash, a bank letter stating proof of funds is required with offer.
0 votes Thank Flag Link Wed Jan 25, 2012
Yes, it stands for pre- qualification or verification of funds. You can visit this website for more info and assistance on buying a home in Albany. http://www.MonticelloNYS.com/buy
0 votes Thank Flag Link Wed Jan 25, 2012
Pre-Qual or verification of funds. Realtors should remember that not everyone understands our abbreviations.
0 votes Thank Flag Link Wed Jan 25, 2012
PreQualification Letter from a bank or Verification Of Funds. They want to know if the potential buyer is qualified to purchase the home they are looking at.

http://www.mycapitalregionrealtor.com
0 votes Thank Flag Link Wed Jan 25, 2012
pre-qualification letter or verification of funds.
0 votes Thank Flag Link Wed Jan 25, 2012
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