Monthly Archives: August 2015

You’ll Never Believe!

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Week 34_You'll Never Believe

You’ll Never Believe!

That Real Estate is a lot like delivering a baby!

It’s relatively easy to deliver a baby or close a real estate transaction when everything goes according to plan.  However, when things get challenging and life throws you that curve ball, that’s when the true professionals and specialists really show up.  Here are some examples of recent curve balls in real estate and what my amazing affiliates and vendors were able to do to help:

*Closing a home in 1 week (cash deal) and inspector finds foundation problems – Thomas Engineering was able to get us an evaluation with 1 day notice and this saved the sale for my client.

*AC went out on a listing 1 day before final closing walk thru and Golden Air was able to get AC serviced and repaired the same day we called.

*Buyer’s documents were late arriving at title, and our title rep at Old Republic Title stayed after hours to get our seller who was leaving town to sign closing paperwork.

*3 days before closing, the lender for our buyer told us that the trees had to be trimmed away from the house they were buying or they couldn’t close.  Dennis Elmore, my buyer’s agent personally trimmed the trees so buyers could close.

We love our affiliates, vendors and agents – and of course babies!

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Does A Home Loan Scare You?

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Does a Home Loan Scare You?

Does a Home Loan Scare You?

Well, it doesn’t need to…  I talk to lots of buyers every day that procrastinate when it comes to speaking with a lender about a mortgage.  Some are nervous about their credit scores, but others simply have heard myths like ”pulling your credit lowers your credit score”.  The bottom line is that when it comes to buying a home, information is power and the more you know and understand about your loan process the more confident and worry free you can be when you buy that new wonderful home.

Granted, some lenders are not worth a grain of salt and they arrogantly talk circles around clients instead of taking the time to explain, educate and inform clients about the process.  However, there are also some really great, service friendly lenders who will spend as much time as needed explaining the process and helping a buyer feel more secure with their home purchase.

A great lender will email the client a fees worksheet that clearly outlines various types of loans that the client qualifies for, discloses loan origination fees, down payment requirements and the buyer’s closing costs – basically all monies needed at the closing.  They will also provide information about monthly payment amounts and estimated taxes and insurance amounts.

There are a number of items that the lender needs from the buyer such as a loan application, tax records, W2’s, verification of employment forms, copies of bank accounts – just to name a few.  Our favorite lenders ask for these documents the day of application so they can verify that the buyer fully qualifies for the loan.  This avoids so many pitfalls that can happen in the loan process – especially since the buyer sometimes may have a situation that he doesn’t know will cause problems with the loan – and through analysis of these documents, the lender can confirm the qualification.

Working with a lender before you start looking at homes is the best way to go!  It allows you to know what price range home you want to look for and begins the education process that is so crucial to owning a home.  Give us a call if you want the information for our preferred lenders.  We love them and they take great care of our clients!!