My home is listed for $700K+ in a market that isn't as slow as other parts of the country; however, we are still dealing with the tightened lending standards.
We've had a lot of traffic considering our price, but my issue is that NOT A SINGLE buyer has been pre-approved, let alone pre-qualified, for a mortgage. And honestly, the chance these are hard cash buyers is slim.
To me, this seems like "lookie-loos" rather than serious buyers. I agreed to two open houses to give these people a chance to see "how the other half lives" (not as high end as they expected, I'll bet!) but to have to vacate my house with my dogs and chase my daughter around cleaning her room for people who have no idea if they can qualify to buy my house seems to be a bit much.
My agent seemed to act like it's local custom to just shuttle around folks not having any idea if they can afford the homes they are being shown. I mean, I'd love to be in the million dollar range, but I would have *never* taken up an agent's time to get taken to homes I know I can't afford.
Should I put my foot down and say "pre-approved" (at the least) buyers only? Or how do you handle it?