Rich asked: Any realtor/ buyers agent in Lebanon area that do not require a pre approval to go view homes? T Current home IS on the market!

Asked by Rich Brunner, Brunnerville, PA Mon Sep 17, 2012

Help the community by answering this question:

+ web reference
Web reference:

Answers

14
Brenda Miller, Agent, Lebanon, PA
Sun Dec 15, 2013
Sellers sometimes go to extreme efforts to prepare for showings. Would u want Buyers tour your home if they were not qualified to purchased? ...A pre-approval is easy as 1-2-3.
0 votes
BRENDA, WHO DO YOU SUGGEST TO CONTACT AS FAR AS .A pre-approval is easy as 1-2-3. WE HAVE NOT FOUND THIS PRE APPROVAL PROCESS AS SIMPLE AS 123 IN OUR AREA!
Flag Sun Dec 22, 2013
Brenda, I Have a manufactured home most buyers that come in are" Not Qualified" for a manufactured home! Have had on market 4 years just because People Qualify for a regular loan. it is a totally different Qualification and other factors in the process
on a manufactured home !! We have seen several people declined for these types of homes versus a regular home loan!
Flag Sun Dec 15, 2013
Judy Mehaffey, Agent, Lebanon, PA
Sat Feb 9, 2013
Hey Rich....
The lender will give you a pre-approval based on your income.
The mobile home you are selling will come into play when you get the money
and use whatever amount of it to finance your new purchase.
It doesn't cost anything for a pre-approval.You have to have one
to make an offer .
You have been struggling with this for some months now. What scares you about a
pre-approval.
304-3869
0 votes
Annette Guss…, Agent, Hershey, PA
Sat Feb 9, 2013
Sure, but without a pre approval YOU will not be seen as a solid "Buyer"...why would you NOT want to be a pre approved Buyer if your current home is on the market? My lenders will get you pre approved in about 5 minutes, no cost, no obligation, so why would you hesitate??? Please feel free to contact me with questions. Annette AStreisfeld@cbsp.com
0 votes
Judy Mehaffey, Agent, Lebanon, PA
Mon Sep 17, 2012
I will call you tommmorrow eve about 6:30 ish
0 votes
Rich Brunner, Both Buyer And Seller, Brunnerville, PA
Mon Sep 17, 2012
Ron, if you are downsizing And your current home is on the market you will only need down money!
0 votes
Ron Thomas, Agent, Fresno, CA
Mon Sep 17, 2012
Why would you want to go looking with nothing in your pocket?
If you found something good, you couldn't do anything about it;
and it would be gone before you could.

What's a Realtor's time and gas worth?
Would you want someone to waste your time and gas for nothing?
0 votes
Nicholas Ste…, Agent, Lebanon, PA
Mon Sep 17, 2012
Having worked in the finance industry previously, any lender should approve you for a loan for $35K. This is because your LTV (Loan To Value) is low, and it provides a lower risk of default to the lender. This is all contingent on your credit score/report, of course.
0 votes
Judy Mehaffey, Agent, Lebanon, PA
Mon Sep 17, 2012
I do happen to have 2 money men that loan money for mortgages.
So if you get to that point, please call me and I will hook you up with them.
Since their money is not making any money in the bank, they have decided to be
their own bank.
If I can be of any help......
jmehaffey@brwnstone.com
0 votes
Rich Brunner, Both Buyer And Seller, Brunnerville, PA
Mon Sep 17, 2012
A loan for 35k or less is hard to find
0 votes
Rich Brunner, Both Buyer And Seller, Brunnerville, PA
Mon Sep 17, 2012
Ok, next question is I find a home for 85k ,50k down who provides a loan 35 k? Alot of places have a minimum home loan amount?
0 votes
Maria Gilda…, Agent, Manchester, CT
Mon Sep 17, 2012
Hi Rich,
Unless you are a cash buyer and can provide proof of funds to show your ability to purchase a home, a preapproval is not only paramount but an important requisite in determining not only what you can afford but also what you will be comfortable with in terms of monthly mortgage payment and all other costs that will be part of the mortgage payment such as property taxes, PMI(depending on the type of financing) and home owner's insurance.

What would you feel if you find the right home only to discover that you are not in that position yet to acquire that property? Wouldn't that disappoint and dishearten you?

Save yourself, the showing agent, the listing agent and the seller the trouble by following the guidelines in home ownership process.

Prequalification is not a daunting task. All it takes is a consultation with a local and competent loan officer/mortgage broker.

Some mortgage professionals on this forum will be gladly lend you the assistance you need to get you started.

Good Luck.
0 votes
Judy Mehaffey, Agent, Lebanon, PA
Mon Sep 17, 2012
good answer Nick !

so you are saying your home is on the market ?
That is a different scenerio but , a pre-approval
is still necessary to present an offer should you
find your next dream home.
You can present an offer contingent upon sale and settlement
of your current situation.
Working with a realtor would be beneficial for all your needs and questions.
There is so many ways to work a deal . So many situations and never
two are the same.
So put your trust in a realtor and go look at some houses!
0 votes
Nicholas Ste…, Agent, Lebanon, PA
Mon Sep 17, 2012
Hi Rich,
It's beneficial to have a pre-approval for two reasons:
1) It lets you know how much a bank is willing to lend you and
2) It lets the Realtor and Seller know that you're serious about buying a house.

It is possible to see a home, but a conversation about getting a pre-approval will probably be brought up sometime before, during or immediately after a walk-through.
0 votes
Judy Mehaffey, Agent, Lebanon, PA
Mon Sep 17, 2012
Good question Rich.
It is a sure way to tell if a buyer is serious and qualified.
A pre-approval can be done over the phone very simply. That pre-approval is good for an average of 4 months.
Also if you were selling a house and you got people coming thru that have no pre-approval and just want to check out your house and belongings, wouldn't that upset you?
It is a way to protect the sellers , and make the best use of our time.
Discuss with a realtor what your game plan is and get a game plan in order.
As Realtors we all try to work smart and in the best interest of our potential clients.
Does that help you?
Is there a reason you do not want to get a pre-approval?
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more