From: "John A. Weeks III" 
Newsgroups: misc.invest.real-estate
Subject: Re: Qualifying for a new home
Date: Sat, 17 Dec 2005 20:44:14 -0600

In article <1134850883.830145.207560@g14g2000cwa.googlegroups.com>,
 "Meg1011"  wrote:

> In looking for new homes my mother and I have decided we want to sell
> our home and pay cash for a new home.  When we went to look at homes
> one of the agents told us we would still have to qualify.  Why and what
> kind of qualifying is he talking about?  Neither of us have the income
> or the credit to get qualified.  

The agent is full of BS.  What is going on is that the agent
doesn't believe you, and he is trying to get a feel for what
you have, and how he can scam you out of it.  They may also
want to try to up-sell you to a more expensive house, and they
want to see how much of a loan you could get.  Run away from
both this agent, and the real estate company.  If they happen
to be Realtors (and not just Real Estate agents), then you 
may also want to report them to your local board of Realtors.

If this is a to-be-built home, it would be appropriate for
a builder to want some kind of guarantee that you can buy the
place that you are custom designing.  That is to protect the
building from getting stuck with something that is customized
to your tastes.  This would not happen with an existing home.

-john-

-- 
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John A. Weeks III           952-432-2708            john@johnweeks.com
Newave Communications                         http://www.johnweeks.com
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