OfflineDG Fam,
Correct me if I'm wrong, but I thought I didn't have to provide a proof of funds letter until I get an offer accepted. Or is it when I put the offer in? I'm asking because I think I need to move on to another agent since just filtering my criteria for 25:1 seems to be a task for her. This possible new agent asked to have a proof of funds letter before I even put in an offer to anything. Please clarify...
Bernard
__________________
Hi Bernard,
Some agents request proof of funds or a pre-approval letter. This is not unusual. As a realtor, I did request this from my buyers. Due to some buyers are just lookers and not in a position to purchase a property or not sure what price range they can afford or can get qualify for loan. In your case the Agent want to make sure you can purchase property if you see something that you like (and not wasting their time).
Ms. Monique
Charlotte, NC
~thoughts become things along with taking action~
{*when Life, Fear, Excuses get in the way- it's about showing up and doing it anyway!}
But I thought when you get a proof of funds letter, it is only for a specific property your making an offer on and not a general amount. Now I'm confused...
How are you supposed to present a proof of funds if you don't have a buyer yet?
I'm interested on this as well.
Never give up on something you can't stop thinking about.