getting around broker pre-screening questions - Posted by BigMan

Posted by DAN_LEE on January 08, 2009 at 07:22:22:

I agree with Brandon. Answer the questions honestly.
If you do have genuine interest and legitimate means
to do the deal, any good broker would want to work
with you. Don’t be shy!

getting around broker pre-screening questions - Posted by BigMan

Posted by BigMan on December 28, 2008 at 09:52:31:

Hello All…I wanted to know from the members of this community of how do you get around the various pre-screening questions the broker or seller love to ask?

main two questions they love to ask are:

  1. how many properties do you own, and in what states and etc (basically they want you to provide them a small list of the properties you own)?

  2. can you provide a proof of funds (financial statement)?

now i’m not saying every broker or seller will ask you these questions, but i am saying that 85% of the professional commercial brokers or sellers will. they do this to separate the tire-kickers from the players is what they say.

so for all the people on here that has experienced this when getting started, how were you able to either sidestep these questions or answer them in a creative way that made the broker or seller feel comfortable in going forward and disclosing certain info about the property.

Re: getting around broker pre-screening questions - Posted by brandoncbsre

Posted by brandoncbsre on December 28, 2008 at 16:00:11:

Why would you ever avoid this…

If you do not have the financial means to put the deal togther then you shouldnt be wasting their time. I would not give a broker or seller a personal financial statement unless I was asking for seller financing.

A statement from the bank stating that you have the means to buy a property in the range of the seller’s should be adequate.

They just dont want to have their time wasted…and believe me as an investor and part-time agent there are plenty of people who have seen a late-night informercial or two that thinks they can buy the whole world with a 400 score and a smile.

Good Luck