Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$39.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Posted over 9 years ago

Have your ducks in a row

So I see it all the time an investor or even the residential buyer that will come to me and say they are ready to buy a house, for most buyers I will make them get pre-approved or have proof of funds before I take them out but as we all know they are only good for 30 days in most cases.

I can't tell you how many buyers miss out on the perfect house because they don't have everything lined up and ready to pull the trigger, on most deals you should have an active pre-approval letter or proof of funds and you will also need:

1. Filled out contract

2. Copy of hand money check

3. Any addendums needed

And most deals take about 48 hours to negotiate maybe more if dealing with a short sale or REO (Foreclosure).

Have it all ready so you don't miss out, if you agent doesn't work fast enough to get the paperwork in FIND A NEW AGENT! If your loan officer or lender can't get you updated pre-approval within a few hours FIND A NEW ONE! Don't let them cost you your next deal.


Comments