It can be stressful having to work with bogus home buyers. You have given them your attention, time and effort, and in the end they will leave you clueless and hanging.
This is why, as a seller, you must know some ways in order to determine the legitimacy of the prospect buyer. This way, you can save your time and effort for other things than home selling that matter, too.
Here are things that you should do before signing for your client as written by James Vasquez, a licensed Broker in the State of Texas, on In Man.
1. Ask yourself, "Does the person have the much needed integrity and commitment to his words since the first transaction you had with him?"
You most need to be skeptical about the people you are dealing with. Always take note their usual attitude towards things from the day you meet them. If they possess the right character and attitude, more likely they will not be doing things that could damage the deal.
Moreover, it is also crucial that you invest in asking questions to every client. After all, there are certain things about the terms and conditions attached to the property that you need to know.
2. Make sure that the investor have the funds to buy a property.
Ask for proofs of availability of funds, such as bank statements, before you go on with your tedious work. Because if at the end of the tunnel, there is no fund that could be used to pay the property, you will not only lose in terms of money, you also have wasted your precious time.
3. Do not rely on verbal commitments, put them in writing!
It is easy to wash hands when commitments are just said verbally. So make sure that whatever you both have agreed upon, everything is in black and white, with signature and other proofs.
Although verbal commitments are legally binding, they tend to present difficulties when it comes to enforcement.
It is always better to be sure than sorry. Putting down on paper all the terms and conditions will not only alarm the client if he is just pretending to buy, it will also be your evidence.
Are there any other pieces of advice you can add to this real estate tips?
