15 Nov The Realtor’s Role in Financing: Helping Clients When Financing Falls Through
Selling property is an incredibly challenging career – not just because you have to find the right buyer for the property, but because they also have to be able to secure financing, a process that has become considerably more difficult over the last decade. Letting a buyer down when they don’t qualify for traditional financing because they can’t cut through the red tape can be demoralizing for everyone involved, but real estate agents can help.
Why Financing Falls Through
In some cases, financing falls through because the buyer isn’t in a position to buy the property. But in many cases, financing falls through because the rigid, restrictive process required to secure financing today isn’t visionary. It doesn’t accommodate buyers who have a dream and plan that will get them there or buyers who don’t have the documents they need for traditional loan processing. These buyers include foreign investors, the self-employed, and other non-traditional buyers.
Solutions for Non-Traditional Buyers
CCI Group offers alternate financing through no-doc and simple-doc loans, extending eligibility to buyers and investors who have the means to purchase but might not otherwise qualify. They do this by dramatically reducing the number of documents required in order to close, opening the doors for buyers who simply don’t have those documents – like foreign investors or the self-employed. While real estate agents aren’t heavily involved in securing funds in a routine deal, you can leverage your understanding of CCI Group and no-doc loans to add value when a buyer is looking for creative ways to fund an investment property.
Connecting Buyers with CCI
You don’t have to lose the sale because a non-traditional buyer can’t cut through the red tape; get your client pre-approved with CCI Group today.