How can you tell if a buyer is qualified for a home loan before you agree to show them property? A pre-approval from a local lender is the only way to tell for sure, but there are a few questions that will lead you in the right direction before they consult with their lender.
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The great thing about automated underwriting systems for appraisals is that the system "stores" the appraisal information and makes it more likely that a future transaction for the same property will receive an appraisal waiver. But how does it all work?