Why do Realtors take Buyers to see homes when there is NOT a Pre Approval letter FIRST?

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Rainmaker
630,251

Ajay Pandya

e-Merge Real Estate Unlimited - Columbus, OH

Realtor Ajay Pandya

The turst!

Mar 02, 2018 03:54 PM

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Dipti Thakkar

Andover, MA

Rainmaker
4,800,132

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

My guess is so they can build a relationship with them to ensure continued loyalty.

Mar 10, 2015 02:34 AM

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Mike Castle

Capitola, CA
Donald Reich

New Rochelle, NY

Rainmaker
443,220

Cindy Davis

SD Home Source Realty - San Diego, CA

I will take non-approved buyers out once or twice. It offers buyers a feel of what's out there and can motivate them to take the financial steps. I also do a lot of rapport building during this time, so when the buyers ARE ready, they often come back to me.

Mar 10, 2015 01:22 AM

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Mike Castle

Capitola, CA
Donald Reich

New Rochelle, NY

Rainer
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Daniel Seider

BTRE Big Trees Real Estate - Arnold, CA

Preapproval or qualification is always first. I do take buyers out with out qualification if I know what they do as a career. I deal with a lot of engineers from the San Jose area. I don't have to get a letter from a morgage banker. Most of them pay cash or trade their 401 k account to pay for a vacation propert

Mar 10, 2015 01:08 AM

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Mike Castle

Capitola, CA
Donald Reich

New Rochelle, NY

Rainer
279,878

Dipti Thakkar

LAER Realty Partners - Andover, MA

On a team with Praful Thakkar

Praful does NOT do that.

Jul 18, 2018 11:50 PM

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Ajay Pandya

Columbus, OH

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Desperate for a client.

Dec 09, 2019 07:17 PM

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Rainmaker
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Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

A hope!

Jul 19, 2018 10:12 PM

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John Meussner

Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA

#MortgageMadeEasy Fair Oaks, CA 484-680-4852

There are some valid reasons. A cash buyer obviously doesn't need a preapproval, or someone that will be a cash buyer once a property sells.

If financing will be involved, there shouldn't be a time that this happens - what if they fall in love with the first place they see and can't get it? Their heart is broken & it all could've been avoided with some prep work.

Mar 10, 2015 04:14 PM

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Rainmaker
1,683,912

Larry Johnston

Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN

Broker,Friends & Neighbors Real Estate, Elkhart,IN

probably because they may be convinced that if they don't show them the property, they will go to someone else.

Mar 10, 2015 08:14 AM

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Rainer
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Mike Castle

Century 21 M & M Associates - Capitola, CA

To build rapport
To give them some time to get used to the process.

Then I remind them each time we talk that getting pre-qualified is the next step for them.

Mar 10, 2015 07:21 AM

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Rainer
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Donald Reich

Madison Specs - New Rochelle, NY

Cost Segregation Specialist

1. Some Realtors are THAT desparate.

2. Some are too timid to ask

3. Some agents rely on their gut, and get the feeling that someone is / is not qualifed. If you are one of those agents, be careful not to discriminate!

Mar 10, 2015 03:02 AM

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My guess is so they can build a relationship with them to ensure continued loyalty.
I will take non-approved buyers out once or twice. It offers buyers a feel of what's out there and can motivate them to take the financial steps. I also do a lot of rapport building during this time, so when the buyers ARE ready, they often come back to me.
Preapproval or qualification is always first. I do take buyers out with out qualification if I know what they do as a career. I deal with a lot of engineers from the San Jose area. I don't have to get a letter from a morgage banker. Most of them pay cash or trade their 401 k account to pay for a vacation propert
There are some valid reasons. A cash buyer obviously doesn't need a preapproval, or someone that will be a cash buyer once a property sells.

If financing will be involved, there shouldn't be a time that this happens - what if they fall in love with the first place they see and can't get it? Their heart is broken & it all could've been avoided with some prep work.
probably because they may be convinced that if they don't show them the property, they will go to someone else.
To build rapport

To give them some time to get used to the process.

Then I remind them each time we talk that getting pre-qualified is the next step for them.
1. Some Realtors are THAT desparate.

2. Some are too timid to ask

3. Some agents rely on their gut, and get the feeling that someone is / is not qualifed. If you are one of those agents, be careful not to discriminate!