Pulling Credit Reports for Buyer Prospects? - Posted by Ron
Posted by Ron on April 17, 2000 at 20:19:14:
I’ve resolved to not show my rehabs to prospects who have not been pre-qualified. I thought buyers would resist giving me the info before they could even look at a house, but it hasn’t been a problem.
I want to “strike while the iron is hot” when interested prospects call. This means quickly checking them out (the same day, if possible), so I can get them into one of my remodeled homes. Unfortunately, I’ve been relying on lenders to pull credit reports and the buyer and I are left waiting for them to get back.
I’m thinking I should pull the credit report myself. It would cost several dollars, but it would be more or less immediate. The non-monetary downside is that I’m not a lender and I’m much less authoritative in interpreting the qualification of a prospect from the credit report.
What do you do? I continue to struggle to find a great lender that lives up to my high expectations.