Selling Your Del Mar Heights Homes? Get Your Mortgage For Your Next Home Figured Out First!

One of the biggest mistakes I see property owners make when selling their Del Mar Heights homes is not getting pre qualified before they put the real estate sign in the front yard.  I think it makes sense that a buyer should get pre qualified before starting a home search, but what about you as a home seller?  In many ways it is more important that you get pre qualified first before you start looking for a buyer for your Del Mar Heights Home. 

You could end up selling your property and then find out that you have a big problem. Finding out that you cannot buy in the price range that you thought you could, might ruin your day.  During my real estate agent career I actually had this same exact thing happen to a client of mine.  They had accepted a sales contract and found out later that they did not have the income and credit scores to qualify for the home that they were hoping to buy.  So having their dreams get squashed was one thing, but on top of this they had a bigger problem. The buyer did not want to let them out of the contract. 

• Get Approved For A Mortgage Before You Sell

• Shop In Your Approved Range

• Plan Now To Save Money Later

Contractually my seller was obligated to the buyer to sell them their home.  The possibility existed that they could face legal issues for non performance or failure to transfer title.  The buyer who was buying their home wanted it and made it very clear that they were going to bring legal action against them.  The other issue would be that real estate commissions would also be due because a ready willing and able buyer was secured.  The buyer had fulfilled all of their contingencies and was ready to close.  The buyer's agent made it clear that they had done their job and they expected payment either way.  Ultimately my sellers chose to continue with the transaction to avoid any legal entanglement.  The final result was that my clients ended up buying a less expensive home than what they thought they could. Unfortunately, my client's failure to plan cost them big time. 

  

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