Well, the KEYS..... of course!!!
Call me the emotional support person of the Real Estate Transaction. I get to babysit the client after they put in a contract on a property.... and try as I might, I still have to calm the fears and jitters of those that are nervous about final approval. Once the client has an accepted offer.... lots of things are happening in their minds. Most First Time Homebuyers are really, really nervous about the final approval. Even the veteran of home purchases can get a little nervous. Maybe they experienced a counter-offer from the bank and the rate changed in the past. Maybe they have been denied credit in the past. Whatever event is driving their emotions, the borrower can be a bundle of nerves, even when it doesn't show.
My #1 advice to my clients is to not get emotionally attached until they have the keys in hand. Because until the loan funds, the property is just a house..... A part of a business transaction..... The most important investment in most people's portfolio, yes, but it isn't their home.... not just yet. It isn't time to get emotionally attached to a property until you get those keys.
Now, this advice doesn't just serve as a nerve calming technique. Because, I still have to worry about the borrower who goes nuts and buys all kinds of appliances and curtains and even backyard playsets for the kids. LOL. Even AFTER I have told them to NOT acquire any new debt because a lot of transactions are contingent upon the borrower NOT taking on any new debt since the loan application was taken!!!!
What makes a house a home? Well, it really is the KEYS....!!
More opinions on=> What Makes A House A Home?
Tom Burris
DallasLoanGuy.com
Dallas, TX
Texas Home Loans
http://www.dallasloanguy.com/
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