GONZALO CHAVEZ

DRE: 01796480


(707) 322-7483
(707) 541-6120 (Office)

Is the Buyer Qualified

Unless the buyer who makes an offer on your home has the resources to qualify for a mortgage, you may not really have a sale. As a general rule, buyer's speak with a lender before looking at property in order to determine what they can afford. When your HomeSmart agent presents an offer to you, it will most likely be accompanied by some sort of letter or pre-approval form signed by their Lender.

Should you decide to accept an offer from this buyer, and the house goes into escrow; your HomeSmart agent will speak with the lender in order to confirm that the mortgage can be obtained under the terms of the purchase contract. Here are some important questions that your HomeSmart agent will ask the Lender:

  1. Does the Buyer have enough credit to qualify?
  2. Does the Buyer’s debt-to-income ratio allow them to qualify for this mortgage?
  3. Does the Buyer have enough money to pay for the closing costs and down payment?

Once these questions have been answered, you can move forward with the closing process, knowing that the Buyer will most likely be prepared with a mortgage at the close of escrow.

Remember...it's a Smart Move with HomeSmart!