We do it all - Just not very well This weekend I was at my local lumber yard picking up a door for my bathroom remodel.  Dolan's Lumber employs some of the most knowledgeable people in the industry. 

I'm a weekend warrior when it really comes to it.  I know the right end of the nail, maybe more than most, but I am far from an expert.  Between Jeff, Tammy and Lorn there isn't much about doors and windows left uncovered.  When I have door question, a problem, or a need - it's not Home Depot or Lowe's, there's only one place to go, it's Dolan's.

There is no substitute for correct information, products and services.

While I was in the sales office I couldn't help but overhear a conversation going on between a counter person and a customer.  They were chit chatting about the Feds and how the government was going to fix the housing crunch. 

Unfortunately, they had it all wrong.  It wasn't the time or the place to get into a heavy discussion but I started thinking about how many other conversations were happening with the same flawed information.

THE FED'S, THE ROGUE TRADER AND CONFORMING LOANS

Friday night I met with a small group of local real estate professionals.  I'm meeting with yet another group this morning.  We'll probably cover many of the same topics with one important difference - our conversations will be based on correct and accurate facts.  This isn't about us being smarter or better than anyone else.  It's our business.  It's vitally important to us.  It's what we do.

Want to make your real estate professional's day?
Call them up and ask them their opinion.

"Hey Mike, what's up with this conforming loan limit I keep hearing about?"

The point I'm trying to make is this.
Go to the right people for the right information.

 

BTW: I highly recommend you read a great post I found: "Simple Acts of Kindness and Caring". 

It's not related but Wow!

 


 
This post has been included in California Information

3 Comments on The Feds, Rogue Traders, & Jumbo Rates

What is up with the conforming loan limit?  If that all goes through, what do you think the impact will be on the housing and mortgage market?

01/28/2008 10:13 AM by Chelle Gassan-NOVA Realtor and Stager (Weichert, Realtors and Staged Homes VA)


The lack of understanding in the general public is tremendous!  The difference in phone volume into our office in the last few days would make you think that everything is all better, however over 3/4 of them still don't have a program they can qualify under.  The average consumer just does not understand the mortgage market and the impact it is having on everything and they get a very flawed message from "the news".

01/28/2008 12:23 PM by Michelle DeRepentigny, *Associate Broker/Broker * Athens, GA (ERA Classic City Realty)


Mike,

I just read and blogged about an article in the S.F. chronicle on-line where Daniel Mudd, President and CEO of Fannie Mae talks about foreclosure rates, Fannie Mae, what may have triggered the subprime disaster, etc.  You're right.  Relying on a good source makes all the difference.

01/29/2008 11:39 PM by Fran Gatti - Crescent City CA Real Estate (RE/MAX Coastal Redwoods)


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Loan Officer: Mike Mueller (Patagonia Finance)
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