The following Purchase Questionnaire allows us to be more
efficient with yours, as well as with everyone else's time.
The reason we ask about down payment and other source of income is let's say for example a loan officer informs a buyer that they qualify for a $1 million dollar SBA loan with 10% down. Then let's say the buyer has only the minimum 10% down with no other source of income, and is interested in a property listed for $1,000,000. If we know there is absolutely no way the property will support a $900,000 debt service, we would explain that to the prospective buyer based on the supporting financial information on the property rather then lead them on or waste their time. We try to be realistic in how well properties fit other buyer preferences as well, such as owner's quarters, lot size, neighborhood setting, etc.
Some of our sellers require this form be filled out prior to showings.