1,847,051
yes, it is sometimes mentioned on the listing sheet but I do it for all my clients. It's smart to 'have it in hand' before showing.
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Valeria Mola
Sunny Isles Beach, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Anna "Banana" Kruchten
Phoenix, AZ
-
Kathleen Daniels, Prob...
San Jose, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Pete Xavier
Pacific Palisades, CA
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
-
Peter Mohylsky, Beach ...
Miramar Beach, FL
3,863,503
Yes! Sellers may request... especially now with limited showings. If you are working with the buyer, that should be easy to show a pre-approval.
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Valeria Mola
Sunny Isles Beach, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Pete Xavier
Pacific Palisades, CA
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
-
Thomas J. Nelson, REAL...
La Jolla, CA
1,553,599
Yep, in CA you can't show many homes over $1 Million without upfront proof (pre-COVID) ...and since COVID, almost all occupied homes require it to filter out disruptive and risky exposure to the homeowners. I require it on all my occupied homes and a COVID CA-PEAD form on all showings since April.
It is quite normal and I think a great policy to not waste anybody's time.
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Jason E. Gordon
San Diego, CA
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Nina Hollander, Broker
Charlotte, NC
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Brenda Mayette
Glenville, NY
-
Pete Xavier
Pacific Palisades, CA
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
-
Thomas J. Nelson, REAL...
La Jolla, CA
1,598,452
Yes, especially for high end properties.
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Valeria Mola
Sunny Isles Beach, FL
-
Hella M. Rothwell, Bro...
Carmel by the Sea, CA
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Pete Xavier
Pacific Palisades, CA
-
Doug Dawes
Topsfield, MA
-
Fred Griffin Florida R...
Tallahassee, FL
3,139,060
Without a pre-approval in-hand prior to showing homes, an agent is merely a tour guide. Most sellers are requiring them.
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Valeria Mola
Sunny Isles Beach, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Pete Xavier
Pacific Palisades, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
John Juarez
Fremont, CA
4,582,434
Over the years, I have "heard" many things. If asked of any/all prospective buyers, I don't see an issue with a loan pre-approval or proof of funds request to accompany a showing request.
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Valeria Mola
Sunny Isles Beach, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
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Joan Cox
Denver, CO
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Pete Xavier
Pacific Palisades, CA
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,323,529
Yes, Peter Mohylsky. The Santa Rosa Beach Expert! Very common and, also, common sense in this market. Homes can only be shown by appointment and after proper paperwork has been put in place. We are not interested in Looky Lous or bottom feeders. We request a loan preapproval to make sure we are dealing with real buyers who can afford the home at the price at which it is is listed or more...since right priced, well presented homes are selling strongly in our market..
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Valeria Mola
Sunny Isles Beach, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Joan Cox
Denver, CO
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Pete Xavier
Pacific Palisades, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
2,456,865
Yes, this is totally within the realm of possibility!
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Valeria Mola
Sunny Isles Beach, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Pete Xavier
Pacific Palisades, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
John Juarez
Fremont, CA
1,201,652
Yep, it seemed to coincide with the virus
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Valeria Mola
Sunny Isles Beach, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Joan Cox
Denver, CO
-
Michael Jacobs
Pasadena, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Pete Xavier
Pacific Palisades, CA
2,684,669
What Valeria Mola said.
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Valeria Mola
Sunny Isles Beach, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Pete Xavier
Pacific Palisades, CA
-
Doug Dawes
Topsfield, MA
5,877,915
When COVID first appeared in Denver, many listing agents did this, is all price ranges. Keeps the lookey loos out.
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Valeria Mola
Sunny Isles Beach, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Pete Xavier
Pacific Palisades, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
John Juarez
Fremont, CA
5,113,121
Sure... all the time. And the more expensive a home the more often you get that request.
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Valeria Mola
Sunny Isles Beach, FL
-
Hella M. Rothwell, Bro...
Carmel by the Sea, CA
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Michael Jacobs
Pasadena, CA
921,504
Weeds out the tire kickers and competing listing doing their research and even those thinking about selling and doing their market research.
Usually, if the buyer agent and listing agent have a good working relationship the PA is waived.
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Valeria Mola
Sunny Isles Beach, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Michael Jacobs
Pasadena, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
2,192,369
Our upper end does not want to participate in an Unofficial House Tour for nosey neighbors and looky looes
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Valeria Mola
Sunny Isles Beach, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
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Michael J. Perry
Lancaster, PA
853,132
Yes, especially since Covid has hit it's becoming a more common ask at all price points. It shouldn't be a big deal since we should have it in hand if we're actively working with a buyer but there has been some push back in our area at price points that this "ask" isn't typically seen within.
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Valeria Mola
Sunny Isles Beach, FL
-
Hella M. Rothwell, Bro...
Carmel by the Sea, CA
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
633,070
Yes especially on High end properties
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Valeria Mola
Sunny Isles Beach, FL
-
Hella M. Rothwell, Bro...
Carmel by the Sea, CA
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
2,071,025
Many years ago young man asked us to show houses in Star Island. He came with the young ladies, talking about some celebrities living in this island. We were agree to show those mansions and asked for proof of funds.
As you can guess, we did not go to Star Island.
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Valeria Mola
Sunny Isles Beach, FL
-
Hella M. Rothwell, Bro...
Carmel by the Sea, CA
-
Michael Jacobs
Pasadena, CA
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Joan Cox
Denver, CO
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
3,349,554
Yes. Indeed.
Most especially now during COVID.
Great practice by the way ... it keeps all kinds of people that cannot buy the home ...out of the home.
My sense is that it will save agents a lot of time too.
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Valeria Mola
Sunny Isles Beach, FL
-
Hella M. Rothwell, Bro...
Carmel by the Sea, CA
-
Michael Jacobs
Pasadena, CA
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
5,240,031
In our current environment it may be a good idea. Pre-COVID I had some issues with it.
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Valeria Mola
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
469,510
Sure. Experienced it last week on a mid-ranged home. There are two sides to the topic with both sides having logic to support their stance on the topic.
I did pick up a client a few years back that shared something with me. He had contacted about 5 or 6 agents before he called our office and I happen to be on floor that day. The first 5 or 6 agents all refused to show him a home because he was not pre-approved. I said I would. While driving with him to see the home he shared with me his "view" with an analogy.
If you went to the car dealership to get a new car - and you had to go straight to the finance guy first would you like it? I want the pleasure and the opportunity to see, smell, feel the new car - kick the tires and fall in love to make it worth the "pain" and "not funness" of talking with the finance guy". I have many many times since then picked up clients that other have told to go get pre-approved and come back later. Use common sense on your time but go ahead and let someone get excited and want a home before to push them through the dullness of providing all the documentation and what not to a lender.
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Valeria Mola
Sunny Isles Beach, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
-
Joan Cox
Denver, CO
7,864,157
Yes, as requested by some listing agent.
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Valeria Mola
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
3,589,741
Not necessarily just to show. But my question to any agent is why would one NOT have the buyers pre-qualified up front from the begginging or have their proof of funds in hand. Especially in hot markets where they probably will be multiple offers. Be prepared to write up an offer and show the seller the buyers ableness to sell. In my state a prequal or prove of funds must be submitted with any offer. I simply makes sense to me. Why would I be running around showing homes to a buyer that I don't know can qualify in the long run? Not happening.
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Valeria Mola
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
291,107
Yes more and more frequent
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Valeria Mola
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
472,114
We as a mortgage broker do the pre approval before our clients look at properties but we don't advise providing their top dollar approved amount. We wait until the realtor and client decide on the amount of the offer. Then we provide the letter based on that. It's best not to "tip your hand". We would certainly provide the letter prior to showing if required.
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Valeria Mola
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
420,003
Luxury has been doing this for a couple years, now with covid it limits the lookey loos and neighbors looking for design tips
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Valeria Mola
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
5,061,034
Yes indeed, and it's become more common since the pandemic. And even if you don't need to share it for showings don't you want to know that buyer you have started working with is financially qualified?
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Valeria Mola
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
1,056,663
Yes. Especially with higher end homes.
Especially 'this time of year' . . . we get 'turistas' with no means or intention, just time to waste,
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Valeria Mola
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
2,784,726
I remember when it was offensive to ask for anything from someone interested in a home. Today it is not only required but separates the sheep from the goats....Also, why would anyone today who is not interested in buying (or selling) waste time doing this or any other act?
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Valeria Mola
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
902,038
Absolutely, particularly for higher-end pricier homes, often required. Why waste your time?
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Valeria Mola
Sunny Isles Beach, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
129,698
I do this before I show buyers homes just so we are not wasting our time looking at homes the buyers cannot afford. When the clients find their perfect home we are ready to go. . .
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Valeria Mola
Sunny Isles Beach, FL
766,179
Yes, it is becoming more and more common. I would never require it for my listings. Limiting showings is not my style. Some agents just don't know how to sell or want to either double end or feed their ego.
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Valeria Mola
Sunny Isles Beach, FL
1,506,163
Yes. It's always been a requirement out here for particular neighborhoods and price points. Due to the 'rona it's becoming more common in the lower end properties as well.
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Valeria Mola
Sunny Isles Beach, FL
340,553
Proof of funds is often required in some 5th Avenue, Park Avenue and Sutton Place Co-op's in order for a buyer to view. Some of the co-op boards require that a buyer have 3 times the purchase price in cash- and they don't want people in the building that aren't qualified. I have also encountered it in some estate sales and Brownstones that are total wrecks.