How do I know if I have a qualified buyer when selling my home?

How do I know if I have a qualified buyer when selling my home?

John Caliendo (Realtor) gives expert video advice on: How do I know if I have a qualified buyer when selling my home?

This is very important. Getting a buyer pre-qualified is one of the primary responsibilities of a listing agent. You are there, the first line of defense, in the best interest of your seller, to protect your seller. It's part of why you are taking a brokerage fee, so to not make sure you have a qualified buyer would be a disservice to the seller. You find out how the buyer is qualified. You would hopefully see some FICO scores, credit scores, a statement or verification or funds, and anything else that a buyer has at their disposal to prove their worthiness from a financial standpoint.