cleveland home buyer education: Cleveland Home Buyer Education Series: Future Resale Implications - 02/11/11 11:37 AM
Cleveland Home Buyer Education Series: Future Resale Implications Resale Implications?  Say what? Sounds onerous, sounds negative, sounds weird, sounds vague…I'm still looking for a home to buy, not sell someday...gimme a break.
I think that’s what I would think if I were to hear those two words for the first time.But, those two words can have a serious, future financial impact on you when it comes time to sell a home you are considering buying.
How so?  While there is no easy, cookie-cutter answer to this question, some things will be easy to understand intuitively, and others take an astute buyer’s … (7 comments)

cleveland home buyer education: Cleveland Home Buyer Education Series: Documents Needed for Loan Pre-Approval - 02/11/11 08:22 AM
Cleveland Home Buyer Education Series: Documents Needed for Loan Pre-Approval I often get asked by Greater Cleveland Home Buyers:What do I need to do to get pre-approved for a loan?
In order for a buyer to write a purchase offer to buyer a home, virtually all sellers will require to know the buyer has the financial capacity to purchase their home.  The proof that the buyer has the financial capacity lies in buyer obtaining a verified pre-approval letter.Buyers often ask me what documents do they need to submit to a Mortgage Loan Officer (who can work for a bank, savings … (2 comments)

cleveland home buyer education: Cleveland Home Buyer and Seller Education Series: Closing Cost Assistance - 02/11/11 04:13 AM
Cleveland Home Buyer and Seller Education Series: Closing Cost Assistance I often get asked by Greater Cleveland Home Buyers:Can the seller pay for my closing costs?
I often get asked by Greater Cleveland Home Sellers:Why is the buyer asking me to pay for their closing costs?
 

When a buyer is purchasing a home, a buyer will incur costs that are required to be paid at closing. Closing costs such as lenders fees, title fees, escrow fees, and homeowner’s insurance can add up to 3-8K on average, depending on the particulars of a given transaction.The answer is either the buyer, … (0 comments)

cleveland home buyer education: Cleveland Home Buyer and Seller Education Series: Creating Good Will - 02/11/11 02:53 AM
Cleveland Home Buyer and Seller Education Series: Creating Good Will I often get asked by both Greater Cleveland Home Buyer and Home Sellers:
How do I make this transaction successful?  

Ignoring good will or even purposely and unilaterally adhering to WIIFM (what's in it for me) to the detriment of good will can cause a transaction to fall apart, and the financial consequences can be severe sometimes, but almost always, emotionally gut wrenching at a minimum. Ignore good will at your own peril. Creating good will in a transaction is very important yet I find it gets little … (0 comments)