Why Do Real Estate Agents Ask If You’re Pre-approved?

Realtors want to work with motivated buyers, a pre-approval is an important first step in the home buying process…..and you betcha, I will ask you!

 

Have you ever walked into an open house, or called a real estate agent about a listing, and within minutes, they’re asking you if you are “pre-approved” for a mortgage? If you haven’t, then you have never walked into an open house or called an agent. Or at least enough of them…Just wait. It’ll happen. And you’re going to feel like it’s pretty pushy for them to ask that.

…they certainly have their reasons for wanting to know…Real estate agents need to make sure they’re working with someone who can actually buy a house. They don’t get paid until and unless the person they’re working with buys a house. So, this is a matter of being careful about who they spend their time with. It might sound selfish…but you can’t fault them for that. They’re in business. Nobody cuts them a paycheck. And showing people houses is not a public service or charity work……

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