Requesting a POF from your buyers?

wanting to give POF. You could depending on the size of the deal, lets say it is commercial, tell them to send the financials to your attorney or title company. Another way is what Michael taught at the edge and that is to just have them put down a non-refundable EM deposit of $2500-$5000 again depending on the size of the deal. He says that they are almost always going to close then. So in this last case it is not really a POF, but just making them perform. In time you will know who your real buyers are.

I agree with Tammy. And also if you go to a REI club, you can find out through them who are serious buyers.
Or ask them what other homes they own. That would tell you also, if they are serious or have the money.

One way that you can tell if a buyer is a real player or a tire kickers is buy asking them to give you an example of their last deal, that would give you a feel if their serious or not. Asked them how many properties they own, how many deals have they done. How long they have been investing? These are all the questions I ask.

I was at the VIP and Dean told us to ask for POF from all our buyers and I know he teaches also what everyone said too, ask about last 2 deals etc. which I do although now I will ask for POF from all. I do remember Ali Safavi saying last yr at the Edge that about half won't give it to you but that's ok the one's that do will be rock solid buyers!