Getting Pre-Approval from Seller's Lender. Should I do it?

[Hassan Mahmood]

Hi All,

I've recently been looking at different RE investing opportunities in the Atlanta area and found two SF properties that I really liked. Unfortunately, the seller had demanded only cash offers for the properties, so I asked my RE agent to reach out to the seller's agent and ask him/her if the seller would entertain a financing offer. The seller's response was that he would accept a financing offer only if I would get pre-approval from his specific lender. 

Has anyone been through this situation before? What are the pros and cons of going ahead and providing my information to the seller's lender?

Thank you for your help.

[Wayne Brooks]

@Hassan Mahmood I hear that mentioned frequently, but frankly it's a non issue. We submit POF's for over a million, on $100-200k range sales all the time. Just because you Have more than a seller is asking, doesn't relate to Paying more. Remember, the whole reason for doing this is os the lender Will divulge you are comfortably qualified.