Many years ago, I listed a home and received a call after placing the for sale sign.
Not knowing the buyer, I had my husband take me to the appointment. The prospective buyer liked the house and when I started asking questions, found out he had been at the same company for almost 20 years, married for a long time and had a young daughter but... had never bought a home.
I asked about his credit...he had none. Asked about his car payments...he took the bus. Asked about his gas and electric...he went to the utility company and paid his bill. Groceries..always paid cash.
He did not believe in credit cards or checking accounts. He owed nothing to anyone.
So I asked: "Where is your money? " He answered "It's in the bank."
I asked another question, "May I speak with your banker." He smiled and said: "Of course."
We drove him to his bank, met the manager and was assured he had sufficient funds to purchase this house with cash.
He had been renting for over twenty years.
Other agents would not talk with him without pulling his credit or without being qualified by a lender.
Not once was he asked how he would pay!
Imagine not owning a car, not having a credit card and not owing anything!
They bought the house free and clear
This was a wonderful family that worked hard and lived within their means.