Searching For Pre-Qualified Buyers?
Q. I'm selling by owner. What can I do to ensure only qualified buyers see my home?
A. Ha, that's a great question and if you find the answer please let me know. The reality is if your home is for sale, whether listed with a Realtor or selling "by owner", you will have un-qualified buyers come through. Most good Realtors require buyers to have a pre-qualification letter in hand before showing property. But there are some who don't. So what can you do? You can ask for a pre-qualification letter prior to all showings. It will be up to you to vet the buyer since you are selling by owner so it may be a good idea to partner with a good local lender (like Ian MacDonald with Regions Mortgage) to pre-qualify the buyers who have yet to speak with a lender. These steps may slow down your showing activity but could help ease your concerns. Good luck.
Have a real estate question or need some sound advice? Call Phyllis at (904) 476-7653 or ask your question online at www.askphyllis.net. Every question will receive a response and may be chosen to appear in Saturday's Times Union newspaper.