Asked by Tony, Ventura, CA Tue Dec 25, 2012

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Neal Grusky’s answer
Neal Grusky, Agent, Los Angeles, CA
Sat Jan 12, 2013
Hi Tony
Remember proof of funds statement, and pre approval letters are extremely important.
I have some amazing lenders who can help you out if you need it.


Neal Grusky
DRE# 01890580
Hpremiere Properties
Real Estate and Financing
10940 Wilshire Blvd. Suite 1600,
LA, CA 90024 | Office:
(800) 394-1533
1 vote
Jamie Tian, Agent, Los Angeles, CA
Fri Dec 28, 2012
You need to be pre-approved if you are going to be taking a loan.

If you are an all cash buyer, you do not need to be qualified.

This particular property is not for sale. For help finding properties for sale in your area, feel free to contact me at anytime!

Jamie Tian
Rodeo Realty
(310) 717-1321
Fluent in Mandarin Chinese
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1 vote
, ,
Fri Dec 28, 2012

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
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1 vote
carlos parra…, Other Pro, Monrovia, CA
Fri Dec 28, 2012
If you are borrowing money, you have to qualify for a loan. If you are not borrowing money then you don't.
This house is not for sale anyway.
1 vote
SERGEY FEDNOV…, Agent, Beverly Hills, CA
Wed Dec 26, 2012
You need to show proof of funds and/or pre approval letter for your future mortgage.

This type of document required to submit an offer and usually must be attached to the offer package.

This property is a foreclosure and is not for sale at this time.

Help with Any Real Estate Transaction - Buy or Sell 

Call me 424-777-9377 -  FREE CONSULTATION! 

Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777.

Sergey Fednov
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1 vote
Ron Thomas, Agent, Fresno, CA
Tue Dec 25, 2012
Not if you are going to CASH!

Good luck and may God bless
1 vote
Heather Paul, Agent, Santa Monica, CA
Sat Jan 12, 2013
Yes, it only benefits you as you will feel comfortable with your payment and also the real estate market is very competitive in the area, if you find a property you like and want to submit an offer, if you are not pre-qualified first, you may be beat out by other buyers. Also, most owners will not consider your offer seriously without a pre-approval.

Feel free to call me directly with any home buying questions you may have.

Have a wonderful day,
Heather Paul, Realtor
Coldwell Banker
0 votes
Dorene Slavi…, Agent, Torrance, CA
Sat Dec 29, 2012
Dear Tony,
Yes it is essential that any potential buyer obtain a loan Pre-Approval before beginning the Home Buying process. It is one of the important "first-steps" when starting to work with a Buyer Agent.
0 votes
carlos parra…, Other Pro, Monrovia, CA
Fri Dec 28, 2012
This house is NOT for sale.
If you are borrowing money, you need to qualify for a loan. If you are not borrowing money you do not.
0 votes
Robert Paque…, Agent, Bayside, NY
Fri Dec 28, 2012
Honestly, I did not view the home, but the answer is if you intend to purchase all cash, then generally no, however the current owner may want to see your statements as proof of funds. If you are taking a loan, yes.
0 votes
Claudia Hans…, Agent, Los Angeles, CA
Fri Dec 28, 2012

A great question about qualifying to buy this home. In today's market conditions almost most buyers have been pre-qualified before going to look at homes and the reason why they can make an offer on the spot.

If you have any other questions, I am here to help.

Claudia Hansen
Rodeo Realty Brentwood
DRE 01155245
0 votes
Jane Peters, Agent, Los Angeles, CA
Tue Dec 25, 2012
You need to "qualify" to buy any home. Even if it's cash you are going to have to show proof of funds.
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0 votes
Sonia Mendoza, , Los Angeles County, CA
Tue Dec 25, 2012
if you have been pre-approved to buy a house, you qualify to buy any house.

0 votes
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