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My Open House Made The Buyer Cry | Alexandria VA Buyers Can Toughen Up With A Mortgage Approval

Well said and dead right! Always, always start with the loan pre approval.

My Open House Made The Buyer Cry |
Alexandria VA Buyers Can Toughen Up With A Mortgage Approval

Crying For A New Home

 

We never mean to do it!  We never want to do it.  Honestly, we're not in the business of making buyers cry.  But it happend to me.  And although I wish it didn't happen, it all could have been avoided.

I was conducting an open house.  And any agent can tell you how thrilling it can be when a buyer walks in and is captivated by the house and just falls in love with it. 

As a listing agent, you instantly feel the rush of being able to surprise your seller with a great offer.  You've met the buyer, so you can convey to your seller how much they really like the home.  You can't wait to make the call to the seller and make the appointment to present the offer.

You're in the open house, and you observe how the buyer is 'claiming' the house, by confirming where their furniture is going to go, asking when the seller wants to close, and confirming whether or not there are any offers on the table.

All of these things happened, the buyer was excited, I was excited...then the buyer called back in tears because they went to a lender to get approved, and found out that they didn't qualify to buy the house.  The house, the one they fell in love with, the one they spent so much time in, the one that was a perfect fit for their family, their furniture, their commute, and their lifestyle was out of their price range.

I wasn't in tears, the seller wasn't in tears, but the buyer was.

Even though it's a buyers market and there are more choices, it's a sellers market in certain price brackets when it comes to buying a home in Alexandria VA.  With all of the information online, we all know that over 80% of buyers are starting their home search on the internet.  But the one thing that some buyers are still neglecting, is the importance of the mortgage approval before starting their Alexandria VA home search in earnest.

Buying a home shouldn't bring you to tears.  Toughen up, and be smart about your real estate purchase.  Talk to a local lender and get your mortgage approval.  It's free, and there's no obligation.

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Buying or Selling Real Estate in Del Ray or Old Town Alexandria VA? Looking for short sales in Alexandria Virginia? Contact Tamara Inzunza, Associate Broker of McEnearney Associates, Inc. Realtors to list and sell your home, or purchase a new home. I specialize in Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes condos, townhomes, and single-family homes for sale.

Call me at 703-623-8759.

Visit my website and Search MLS Listings of Homes For Sale in Alexandria VA at www.MovingToNova.com/. If you're thinking about selling and would like to know how much your Alexandria VA home is worth, visit http://www.confidentialcma.com/ for a complimentary market analysis of your home. Not selling but curious about the homes for sale in your neighborhood, visit http://www.movingtonova.info/ for FREE Market Snapshot reports and stay informed whenever a home is listed or sold in your neighborhood.

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Comment balloon 0 commentsCheryl Ritchie • May 29 2010 10:08AM

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