Yep, the words “I’m a Cash Buyer” mean absolutely nothing unless you have a suitcase full of money or the documentation to prove it. Technically ALL buyers are cash, the only difference is where the money is coming from, your personal account or your mortgage lenders.
A while back a potential buyer contacted me and wanted to see a particular property right away. She claimed to be a cash buyer, but refused to provide documentation to prove it.
I know not all people are comfortable providing personal information like this, but I’ve never had a ready, willing and able buyer decline when requested.
I require all of my buyer clients to get pre-approved for a mortgage or provide proof of funds before we start searching for a home, why?
1. I never want to waste your time, a sellers time or my time showing you a property you “might” be able to afford.
2. Sellers will want written proof that you can afford their home when submitting an offer.
3. Qualifying for a home loan is not as easy as it use to be.
There are several reasons, but here are my top three reasons:
If you are a “Cash Buyer” show me the Money and I’ll show you the houses!
Oh I LOVE this post! So true and oddly enough, most agents don’t do this. Buyers don’t like to waste their time and this is the best way to prevent them wasting their time, the sellers time and your time!