Raoul Loustaunau, urhomefinder.com myvaluetoday.com (EXP REALTY)

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Rainmaker
443,220
Cindy Davis
SD Home Source Realty - San Diego, CA

I have a policy that I will take anyone house huting once in order to get a feel for what's out there. After that, I insist buyers at least begin the pre-approval process in order for me to spend more time with them.

Jan 10, 2015 06:14 AM
Rainmaker
5,096,066
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I tell people like this, I will spend 2 hours with them and show them 4-5 homes. But that's it, until they get pre-qualified so we can really focus in on the right homes and budget.

Jan 10, 2015 09:20 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I will do this to set up the relationship. But I won't spend a lot of time on it until the buyer's have talked with a lender and have started the pre approval process. 

Jan 10, 2015 10:37 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Raoul, I will take them out and show them homes one time only, and during that time I will explain the need for a pre-qualification.  If they aren't willing to obtain one, I'm thinking they aren't real buyers.

Jan 10, 2015 06:53 AM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I have a different take on the subject.  When we had our commercial real estate practice, I was willing to show different spaces in varying prices to tenants with great ideas for retail.  It made them feel that I had faith in them.

Some managed to find backers to make it work, and some took space that was affordable.  As they grew and needed larger space office or industrial property, we were the first they would call, because we had faith in them... 

In one case, someone was referred and made every indication that their budget was low, and wanted to see the high end areas.  I obliged because I liked her and loved her concept.  Turns out, all the other agents poo-pooed her, because of her budget.  She was an heiress to a substantial fortune, and ended up taking the expensive space, and we ended up with a nice commission.  LOL

Jan 11, 2015 05:17 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I show homes once and explain that if they see a house they like they will need to show the pre qualification letter sellers at time of making the offer so it is good to have it.

Jan 10, 2015 08:51 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Raoul Loustaunau yes, I do show - as long as they are referred to me by someone who I know very well.

Jan 10, 2015 12:34 PM
Rainmaker
1,027,602
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

At the initial buyer consultation, we discuss the importance of being pre qualified in order to even write an offer.  In multiple offer situation, buyers who have submitted docs are head and shoulders above those who have gotten pe-qualified, so they have to step it up if they are serious about buying a home.  

While I will take them out one time in order to get a better feel for what they are looking for and to get a sense of their motivation, desirable, well priced properties tend to go fast so not being qualified is a non starter. 

Jan 10, 2015 10:37 AM
Rainmaker
7,786,919
Roy Kelley
Retired - Gaithersburg, MD

Nothing stops the agent from asking pre-qualification questions. You may not run the credit check but you will have some strong information and you can certainly ask about their credit as well.

Jan 10, 2015 09:29 AM
Rainmaker
908,388
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Yes, it can start out that way, but soon the discussion about financing will be brought up.

Jan 10, 2015 09:14 AM
Rainer
4,658
Jacque Vaughan
Bon Air, VA

My "rule" is to have a buyer's consultation in which I explain the importance of being pre-qual.  If it is a referral, or a strong lead I will show one home.  If they don't speak to a loan officer, I know they are not serious or motivated about purchasing a home-hence not worth my time :o)

Jan 10, 2015 06:55 AM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thanks Cindy for your comment , have a great year

Jan 10, 2015 06:20 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

No. Why? Because the listing agent will ask, "Is your buyer pre-approved?"

Followed by, "Let's not waste each others time."

Jan 10, 2015 05:29 AM
Rainer
279,878
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

No.

May 22, 2018 09:23 PM
Rainmaker
630,251
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

I always want to show homes!

Jan 12, 2018 08:34 PM
Ambassador
6,352,000
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Part of our job is to prepare them to get an accepted offer, insist on the preapproval.

Oct 08, 2017 11:19 PM
Rainmaker
90,543
Debra Peters
Referral Realty - Manorville, NY
NY Real Estate Salesperson

I usually do not take customers to see homes unless they have a pre-approval.  If an appt. is last minute, I will ask questions and make my own judgment.  If the customer needs to sell their home first and they do not have means of all cash to purchase the home they want to see, then I will not waste my time or the sellers time.  If the buyer is a client of yours and is a referral from a great client, I would still ask some questions to determine whether or not you should be chauffeuring them around.  Many of my seller clients insist on a pre-qual. before the home is shown.

Jan 15, 2015 03:42 AM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thanks James for your input  , have a great monday

Jan 11, 2015 01:28 PM
Rainer
3,843
James Putzulu
Mililani, HI
JP Hawaii

Normally I would rather not.

If the client is a referral from a very good client, I definitely would.

Referring anyone for anything is relatively the same. People don't vouch for failure. That just makes everyone look bad.

Jan 11, 2015 10:22 AM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thanks for your comments have a great week

Jan 11, 2015 07:27 AM
Rainmaker
5,848,134
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

The only time I would do this is for Sellers wanting to go out and "see if there is a home out there for them", then list their home and get pre-approved for their purchase. 

Jan 11, 2015 07:23 AM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thanks for you comment Ron and Alexandra

Jan 11, 2015 05:23 AM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thanks for your input Nina ,have a great week comming up

Jan 11, 2015 01:24 AM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thanks for your comment Gita, enjoy your sunday

Jan 11, 2015 01:23 AM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thanks Eric for your input enjoy the rest of the weekend

Jan 10, 2015 03:45 PM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thanks for your comment Praful , have a great month

Jan 10, 2015 03:44 PM
Rainer
23,743
Eric Valente
Calabasas, CA
Eric

Well, if they are cash buyers or repeat buyers, I would be happy to. 

Jan 10, 2015 02:51 PM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thank you Debbie for  your input enjoy your weekend

Jan 10, 2015 10:40 AM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thank you Roy and Jeff for your comments enjoy your evening

Jan 10, 2015 10:40 AM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thanks John for your comment, have a great weekend

Jan 10, 2015 07:38 AM
Rainmaker
4,133,675
John Pusa
Glendale, CA

Raoul, I think, it is not a good idea to show clients not pre-qualified for mortgage.

Jan 10, 2015 07:15 AM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thanks for you comment Jacque , enjoy your weekend

Jan 10, 2015 07:02 AM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

very nice Gabe , thanks for your input have a great weekend

Jan 10, 2015 07:01 AM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thank you Chris for you comment , have a great day

Jan 10, 2015 06:51 AM
Rainer
368,326
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thanks for your input Annette, i do agree with you , have a great weekend

Jan 10, 2015 05:32 AM