Qualify the Buyer

Qualify the Buyer

The National Association of Realtors notes that to be considered qualified, a buyer should have at least a 20 percent down payment, or the amount that their loan requires, AND additional funds to cover closing costs, a pre-qualification letter or pre-approval from a financial institution for a mortgage and a current credit score.

It is in your best interests to qualify a buyer so you do not waste time, and take your property off the market with a buyer who will not be your approved for a mortgage.