| Posted By |
Message |
Stefanie
♥
Member since 5/05 23599 total posts
Name:
Stefanie
|
When you go to look at houses with a realtor...
do they always have to pull your credit to get a pre-approval?
|
Posted 10/13/06 9:04 AM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
|
Re: When you go to look at houses with a realtor...
mine didnt -
do you have pre approval from a bank? That should be sufficient to show them - instead of having your credit pulled AGAIN.
|
| Posted 10/13/06 9:06 AM |
| |
|
Stefanie
♥
Member since 5/05 23599 total posts
Name:
Stefanie
|
Re: When you go to look at houses with a realtor...
Yes, we have one.
|
| Posted 10/13/06 9:15 AM |
| |
|
belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
|
Re: When you go to look at houses with a realtor...
Posted by Stefanie
do they always have to pull your credit to get a pre-approval?
No not if you have your preapproval..
|
| Posted 10/13/06 9:26 AM |
| |
|
sflower
LIF Infant
Member since 3/06 134 total posts
Name:
|
Re: When you go to look at houses with a realtor...
we looked at tons of houses and never had to have our pre-approval. They would ask us and we would just tell them we were pre-approved. My friend works for a mortgage company and she told us not to tell the agent how much we were pre-approved for because then they would show us houses WE knew we couldn't afford. It doesn't matter what the paper says. You know what you can afford.
|
| Posted 10/13/06 12:03 PM |
| |
|
bikramaddict
mommy-to-be
Member since 8/06 4376 total posts
Name:
|
Re: When you go to look at houses with a realtor...
with a realtor? No. If you have a pre-qual or pre-approval letter, so much the better. Makes you look like a more serious buyer. But it's not required.
|
| Posted 10/13/06 12:50 PM |
| |
|
MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
|
Re: When you go to look at houses with a realtor...
my agent called on for us to see a house (been on the market for 6 mos, no price drops)
he said he wanted to see our pre approval -
um no. you are not my agent. I have one already.
needless to say that was over the summer and the house is STILL on the market, for the same price.
|
| Posted 10/13/06 12:53 PM |
| |
|
alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
|
Re: When you go to look at houses with a realtor...
i never pull up people's credit cause i dont have that capability. i ask to see a copy of their mortgage approval letter but that's it and i keep a copy for my records. if a realtor is trying to pull up your credit i'd definitely ask them questions!
|
| Posted 10/13/06 1:48 PM |
| |
|
ODonnell
.
Member since 9/05 5983 total posts
Name:
|
Re: When you go to look at houses with a realtor...
No realtor ever ran our credit. They may try to put your financing through their own broker, but I would avoid going that route.
All we ever told our realtor was the offer and our downpayment. When we got to putting a bid in she did ask for some employment info like income and time at job, just so she would make our offer sound attractive to the seller.
|
| Posted 10/13/06 3:36 PM |
| |
|
julz33
i run for bacon
Member since 5/05 20584 total posts
Name:
julz
|
Re: When you go to look at houses with a realtor...
no relators ever pulled our credit. We had the letters from the bank for the pre-approval or pre-qual (I forgot which one)
|
| Posted 10/13/06 5:53 PM |
| |
|
Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
|
Re: When you go to look at houses with a realtor...
I never pull anyone's credit. Just make sure that they are preapproved.
|
| Posted 10/13/06 6:40 PM |
| |
|
riniko
LIF Toddler
Member since 3/06 486 total posts
Name:
|
Re: When you go to look at houses with a realtor...
A different version of the same question....
Is it appropriate for a realtor to ask your income when showing you co-ops?
|
| Posted 10/13/06 7:06 PM |
| |
|
MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
|
Re: When you go to look at houses with a realtor...
Posted by riniko
A different version of the same question....
Is it appropriate for a realtor to ask your income when showing you co-ops?
imo, no. income isnt the only factor in buying a house. someone may have less income, but more $$ for a DP, etc.
|
| Posted 10/13/06 8:06 PM |
| |
|
alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
|
Re: When you go to look at houses with a realtor...
Posted by Meaghan729
Posted by riniko
A different version of the same question....
Is it appropriate for a realtor to ask your income when showing you co-ops?
imo, no. income isnt the only factor in buying a house. someone may have less income, but more $$ for a DP, etc.
that may be true for houses but when it comes to co-ops they should ask because most co-op boards have minimum income requirements. so before they even show you a place they should make sure that you qualify for it to make sure they arent wasting your time.
Message edited 10/13/2006 11:00:51 PM.
|
| Posted 10/13/06 10:58 PM |
| |
|
MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
|
Re: When you go to look at houses with a realtor...
Posted by alnem
Posted by Meaghan729
Posted by riniko
A different version of the same question....
Is it appropriate for a realtor to ask your income when showing you co-ops?
imo, no. income isnt the only factor in buying a house. someone may have less income, but more $$ for a DP, etc.
that may be true for houses but when it comes to co-ops they should ask because most co-op boards have minimum income requirements. so before they even show you a place they should make sure that you qualify for it to make sure they arent wasting your time.
whoops - i didnt notice it said about co-ops. you are right!
|
| Posted 10/14/06 7:44 AM |
| |
|
cjik
Welcome 2010!
Member since 2/06 8879 total posts
Name:
|
Re: When you go to look at houses with a realtor...
We got a pre-approval, but that's it. Our credit hasn't been pulled since. Once we actually make an offer, I'm sure it will be again, but until then, no.
You really don't want your credit pulled too much. Apparently the FICO score gets a little lower each time.
|
| Posted 10/14/06 9:33 AM |
| |
|
