3,350,439
Zero. Zippo. Nadda. None.
Buyers must have preapproval and proof of funds. We do not start looking until they are ready, willing and able to purchase.
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Steve Higgins
Kelowna, BC
-
Michael Jacobs
Pasadena, CA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Eve Alexander
Tampa, FL
613,494
One trip...and that is after I am comfortable about who they are and what they do for income.
Eve
-
Steve Higgins
Kelowna, BC
-
Michael Jacobs
Pasadena, CA
-
Susie Kay
Plano, TX
-
Candice A. Donofrio
Fort Mohave, AZ
5,062,995
I will go out one time and show several, but that depends on the buyer. If the sense is they are not really serious about getting preapproved and there are red flags, no go.
-
Steve Higgins
Kelowna, BC
-
Michael Jacobs
Pasadena, CA
-
Susie Kay
Plano, TX
-
Candice A. Donofrio
Fort Mohave, AZ
4,906,637
If I have not previously done business with them zero. No buyer rep and no pre approval no show
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Steve Higgins
Kelowna, BC
-
William Piotrowski
Naperville, IL
1,847,621
3 & then deadline time. I don't worry about because they weren't a serious buyer then.
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Steve Higgins
Kelowna, BC
-
William Piotrowski
Naperville, IL
2,684,769
The knee-jerk answer is ZERO.
However, there may be exceptions. Such as, first meeting with a potential buyer, or perhaps a grad student who just got their degree, or someone in a new job who does not yet have enough W-2's or paycheck stubs to impress an underwriter, or as Greg Cremia points out, a doctor or high-end wage earner.
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Steve Higgins
Kelowna, BC
1,554,697
ZERO!!!
They have to pre-approved or a referral from an A+ and in the process and I spoke to the lender or they are using my lender Jason E. Gordon .
Some of my wealthy repeat clients get flexibility from me, but typically that's because we have history.
-
Jason E. Gordon
San Diego, CA
-
Thomas J. Nelson, REAL...
La Jolla, CA
2,222,275
Not until they have talked and pre-approved by a lender.
-
Jason E. Gordon
San Diego, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,244,683
Let's get you pre-approved and dialed in to your comfort level before we explore what may not be possible!
-
Jason E. Gordon
San Diego, CA
-
William Piotrowski
Naperville, IL
4,583,990
It depends on the client. On the source of the client and connections, if any, that may exist. Typically it is no more than a couple of properties in a single showing tour.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
5,583,328
the number is ZERO....
-
Michael Jacobs
Pasadena, CA
-
Steve Higgins
Kelowna, BC
1,057,514
$$ earners can also be $$ spenders! And super rich people can be very flaky about paying bills which we then find out when the lenders have a problem preapproving them. So if they're not paying cash and they need to get financing we need to at least start on that process. We can do a recon mission to see if we like each other before that happens but not more than one. In my experience it's been the people who say "Oh, it won't be a problem!" that are usually a problem.
-
William Piotrowski
Naperville, IL
-
Michael Jacobs
Pasadena, CA
1,513,143
No cash no preapproval equals no showings.
-
Michael Jacobs
Pasadena, CA
-
Steve Higgins
Kelowna, BC
556,536
It depends on the buyer. Low end buyers get treated differently than doctors, lawyers, airline pilots etc.
-
Michael Jacobs
Pasadena, CA
-
Fred Griffin Florida R...
Tallahassee, FL
913,968
It depends, but usually 2 or 3 if I don't know them. We talk along the way so I can verify their seriousness. Sometimes only require one showing.
-
Michael Jacobs
Pasadena, CA
-
William Piotrowski
Naperville, IL
4,319,773
636,527
At the risk of sounding self-serving, I agree with Thomas J. Nelson, Realtor, CRS on this topic. Even if you only show 1 home, there is a possibility you will end up writing an offer on that home. If no pre-Approval letter accompanies your offer, you risk unfavorable consideration from the Seller & Listing Agent.
-
Thomas J. Nelson, REAL...
La Jolla, CA
3,988,013
If I do a preliminary prequalification I will show a few until I get the official word. I choose to work with only ready, willing and able buyers.
-
Nina Hollander, Broker
Charlotte, NC
3,986,308
One trip and 1-3 houses but only close together
-
Nina Hollander, Broker
Charlotte, NC
2,458,648
I might take them out once, but usually sort of by default. I had a client come to see houses once; they promised to bring paperwork but they didn't. I took them out that day but then insisted they provide their preapproval before we went out again.
-
Nina Hollander, Broker
Charlotte, NC
3,416,038
Many times zero, unless i know them, sold to them before or they are referred..... i want a pre qual to go show homes.
-
Nina Hollander, Broker
Charlotte, NC
321,564
Meet once, talk and go from there. Only making one trip before pre approval.
-
Nina Hollander, Broker
Charlotte, NC
808,679
All depends if they are a referral, I will take them out once to show a few places. Otherwise I am not going waste my time showing homes that they may not even qualify for.
-
Nina Hollander, Broker
Charlotte, NC
1,466,257
5,772,957
William,
In commercial real estate, we would talk to them on the phone and get a sense as to whether or not they were qualified. We would meet with them and go from there. One is dealing with business people! A
-
Michael Jacobs
Pasadena, CA
577,750
I do not make it a habit of showing any properties to Buyers who have not yet been pre-approved. What's the point? You could be showing them homes that are beyond their budget.. and a waste of your time, and theirs..
-
Michael Jacobs
Pasadena, CA
716,529
No showings. Lets get approved first. And of course, keep the relationship going.
-
Michael Jacobs
Pasadena, CA
1,242,204
That depends. I received two leads from investors. One was a rude one. Gave a phone # that was blocked. He wants to know what pocket listings I have. I responded that we need to meet and unblock his phone. Other I can approach him but we have not had a dialog.
I got one from Trulia that I do not have any ads. Just my profile. I have showed one and represent him on another. He is going to pay cash and need to get his HELOC approved. Until his pof or dream property is accepted I can keep the relationship.
Often I sell my listings and if someone is serious I am not looking for these C or D clients.....
-
Michael Jacobs
Pasadena, CA
1,712,876
I will have a meeting with them to get an idea of what they can qualify for but getting online with a lender and getting a basic pre-qualification is pretty simple and quick so I prefer to wait until that time.
-
Michael Jacobs
Pasadena, CA
599,734
809,829
My practice is 'No Pre-Approval, No Showings'
I do construct an autosearch on a weekly bases and keep it going for a month.
5,879,125
A brand new client - none
A past client that I KNOW can purchase - just a few in one day.
766,669
Usually a maximum of seven listings and whether or not they have a loan in place is not a concern to me. I want to let people know that I am customer service driven not pocketbook driven. No one cares what you know until they know that you care.
2,224,473
I generally draw the line at two properties. We also have a serious discussion about getting pre approved. If they don't make an effort to talk with a lender within a few days of talking with me...I'm done showing them property. I might stay in touch. It depends on the situation.
4,181,025
William Piotrowski I show one or two properties as courtesy. Then, I ask for pre-approval letter.
1,506,783
ZERO. Why waste their and your time! Why show them $700,000 homes if they can only qualify for $600,000 or conversly they qualify for $900,000? Total waste of time. Plus if they find the right house, the market is so hot out here you need to be able to pull that trigger immediately. Not wait a week for a lender to get back to you!
4,800,132
3,071,489
4,434,177
5,115,878
Depends on the situation and how well I know a buyer. If it's a repeat former client I pretty well know what's what.
1,617,916
280,599
6,424,196
Drive them to the bank instead, why waste their time and yours when they are not ready to buy.
2,785,306
If someone cannot qualify, they need to dream more & then put legs on those dreams...An agent will take it from there
564,494
I only show homes to Ready, Willing and ABLE Buyers...
It's unfair to a seller to prepare the home for a showing and have someone walk through that may not be able to purchase...
5,033,001
352,976
I do not show property to buyers who are not pre-approved. I don't have that kind of time to waste and it's not fair to me, the sellers and listing agents nor to the buyers.
I have never had a serious buyer balk at the process once explained to them. We are the professional that they come to so we can guide them through the process.
142,796
None. Time is money and I'm going to waste my time or theirs. If they want to call me after they have been pre-approved, then we can start the ball rolling...
716,891
It can be a waste of everyone's time to show property to a client who does not have an approval. Sometimes just a tour of the town and showing various areas based on an initial interview works fine. But serious looking should have an approval in place.
4,272,934
I keep the relationship going but I tell them on our first meeting this is a requirement for our ongoing relationship...
921,504
One day.
At the end of that day, we take a seat the the nearest Starbucks.
We really need to know if we are shopping the right real estate I advise.
I let them use my Pro machine to enter the data needed into Rocket Mortgage.
They can use any lender they prefer, but we do need to get one lined up otherwise great disappointment lies in our future. The good one may get away or your ratio may be out of balance. We need to be READY.