Most purchase agreements allow buyers to get out of the contract if they can't qualify for a mortgage. If you are selling your home, be sure to get some reassurances before you make a commitment to buyers. Most contracts now require timely loan applications and pre-qualifying letters from the lender.
There is no way to be absolutely certain that buyers will be able to obtain financing. Real estate professionals will help buyers determine what they can afford and whether there are financing alternatives. They will also eliminate buyers who are not financially qualified. Training and experience enable them to resolve difficulties quickly to avoid wasting time.
The Scott Hoffman Team Coldwell Banker Howard Perry and Walston 9051 Strickland Road Suite 200 Raleigh, NC 27615 Phone: 919-877-8921 Voice Mail: 919-990-3213 Fax: 919-882-9080 scott@scotthoffman.com
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