Home Buying in Wayne>Question Details

Tim Waller, Real Estate Pro in 07470

What's your definition of a good qualified buyer?

Asked by Tim Waller, 07470 Sun Jan 13, 2013

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A buyer with a pre-approval from a CREDIBLE mortgage lender, qualifying credit report, and has funds for down payment or closing costs. A mortgage approval contingent on the appraisal is necessary for the lender to provide.
0 votes Thank Flag Link Sun Jan 13, 2013
The best qualified buyer has a pre-approval, has a substantial downpayment, has nothing to sell and is flexible with the closing date.
0 votes Thank Flag Link Mon Jan 14, 2013
if you know what i mean...........
Flag Fri Mar 29, 2013
and the best sellers don't lie about the square footage of the house they are selling!
Flag Fri Mar 29, 2013
A good qualified vs just qualified is also having 20% down. It seems like the appraisers are a little more flexible when they have 20% down. Although I just had a buyer who did have 20% down and was qualified by 2 credible mortgage reps and still could not get the loan because of limited work history.
0 votes Thank Flag Link Mon Jan 14, 2013
My definition of a good qualified buyer; is the buyer who has a pre-approved mortgage only subject to a contract for sale & satisfactory real estate appraisal for that property.
0 votes Thank Flag Link Sun Jan 13, 2013
Being ready, willing and able to buy. Most import to have met with a local and trusted loan officer who has pre-qualified them. What makes them good is they then choose a good buyer broker to guide them through each step of the buying process.
0 votes Thank Flag Link Sun Jan 13, 2013
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