Losing buyers

[Maryann L.]

I'm looking for suggestions. We have a property that is priced great, as we have several showings a week. We had one offer that we turned down. (C buyer) It was full price. The title company wouldn't allow a p&s signed before we took title. We tried to explain we were double closing, but they said no. We only have transactional funding lined up so we need to close in 24-48 hrs and there is no way we could do it with this buyer.

We found a local lender who would fund the C buyers deals for us. Problem is all the buyers are FHA or some program where there is 3-5% down and our lender is 10% down. So, buyers don't seem to have the 10%.

FHA is too much of a hassle as we sell "as is" - We did ONE FHA deal and it was WAY too much of a mess.

What am I missing here? We have another property we got under contract in two weeks $2000 below list price and they were able to go right to our preferred lender. This property has been on longer and had a serious flow of showings, but the buyers aren't qualified.
So, we can drop the price and drive more people to the property, but it's crazy because the agent said it literally isn't because people don't want to put the offer in, its because they only have the 3-5% down and can't go through our "preferred lender"

[Joaquin Caballero]

Originally posted by Richard Graham:

Hey Joaquin
I just sent you an Email. I like your website by the way. FYI you have a typo on your site "you gor back payments,"

Richard,

Thanks for the heads up!! Im legally blind so typos are very common for me....ha ha.

Ill put it on my things to do list and maybe get to it next week.