One of the frustrations you may encounter when selling your home is dealing with people who may not be serious about buying. Perhaps theyโre just testing the waters of the market or daydreaming about one day owning a home when they walk into your open house. You can save yourself a lot of annoyance by learning how to spot the serious buyers.
Theyโre preapproved for a mortgage
The one thing all serious buyers know is that they need to get preapproved for a mortgage before looking for a home in earnest. That preapproval from a lender is a signal to sellers that says theyโre ready โ and able – to move forward with an offer. Theyโve taken the time to be vetted by a lender and theyโre financially capable of purchasing a home. Any potential buyers who have not yet been preapproved for a mortgage should move behind those on your list who have.
Theyโre looking at homes that match their wish list
Perhaps a potential buyer comes along that is looking for a home in a certain price range and yours fits the bill. But you learn that they are really hoping for a home in a suburban community that is close to amenities, while your home is a rural property on the outskirts of town. If your home doesnโt hit the marks on a buyerโs wish list, itโs likely they arenโt serious about it.
Theyโre more likely to be judgmental
Buyers who arenโt too serious about putting in an offer on your home are more likely to be polite and friendly when taking a tour. But those who are a little more reserved or point out various flaws? Itโs more likely theyโre the ones who are actually thinking seriously about your home. Donโt let their poker faces throw you off. Most buyers know or have been coached by their agent to refrain from displaying an emotional response to your home.
They return for a second or third look
Those buyers who come back for a second or even a third look at your home? Those are the people who are the most interested and probably the most likely to put in an offer. Those who are just browsing will not take the time to come back for another look.
They make possessive comments
Seasoned real estate agents are attuned to what potential buyers are saying about your home, and there are certain types of comments that can provide clues that a buyer is serious. If they make remarks about how a piece of their furniture will fit in a room or how nice one of their rugs will look in the living room, they are already envisioning themselves living in the space.
Theyโve been looking for awhile
Buyers that are at the beginning of the process looking at their first homes probably arenโt quite ready to pull the trigger and put in an offer without looking at other homes first for comparison. The further the buyer is into the process, the more likely they are serious. This is especially true if they are up against any deadlines, like the beginning of a new job or the start of the school year.
Selling your home can be an emotional and complex process, but learning to spot serious buyers can save you time and heartache in the end.
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