Asked by Anonymous
Do the agents have a new protocol? Must show money at hand then can view?
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1 Answer
Hi,
1) There is no such protocol on "show money".
2) My guess is the agent who serve you did not phrase his/her words properly.
3) In the general case, we have to explain what are the cash and loan needed for a property. Follow by using MSR/TDSR to assess the estimated loan a person could receive.
4) We will also introduce some bankers to assist clients to do a more detailed finance verification so as to ensure they are not over-commit to a property.
5) This is the groundwork that we have to do before arranging viewing because once the client place a deposit on the property and later found out they cannot receive a sufficient loan for the property, they will loss their deposit.
6) We had to ensure our client does not lose their money just because we did not do our groundwork properly.
7) Whereas for the seller's agent, I don't think they have any right to ask whether buyers have enough funds for the property. Their job should be to get as high an offer they could get from the buyer.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) There is no such protocol on "show money".
2) My guess is the agent who serve you did not phrase his/her words properly.
3) In the general case, we have to explain what are the cash and loan needed for a property. Follow by using MSR/TDSR to assess the estimated loan a person could receive.
4) We will also introduce some bankers to assist clients to do a more detailed finance verification so as to ensure they are not over-commit to a property.
5) This is the groundwork that we have to do before arranging viewing because once the client place a deposit on the property and later found out they cannot receive a sufficient loan for the property, they will loss their deposit.
6) We had to ensure our client does not lose their money just because we did not do our groundwork properly.
7) Whereas for the seller's agent, I don't think they have any right to ask whether buyers have enough funds for the property. Their job should be to get as high an offer they could get from the buyer.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More