buyers: Buyers and Sellers in today's market
- 06/29/11 04:48 PM
I am in real estate just turning my 4th year this year, I have already seen lots of changes in this business. I got in the business in 2007, when things started to turn upside down, then it went for the worse. Even the mentality of the public has changed so much in the last few years just amazed me. I remember the clients who I worked with didn't have to look at tons of houses before making a decision to make an offer or just plain looking. Sellers were more co-operative to let their house to be shown. I just wonder if they … (12 comments)
buyers: Buyers, please DON'T open any new credit account or do any major shopping before you close
- 06/16/11 08:12 AM
Buyers, please DON'T open any new credit account or do any major shopping before you close Please pay attention to the information I am sharing with you here, it is for your own good, and it CAN happen to you. I am NOT a loan officer, I am a real estate agent who works with buyers constantly and know how this can happen to my clients and cost them the house they want to buy. Buyers, you got a mortgage loan pre-approval, you are happy and very excited about your new home which you HAVE NOT CLOSED yet. It is human nature … (34 comments)
buyers: Congratulations! You are the one who get yourself a loan pre-approval.
- 04/03/11 11:13 AM
Getting a loan approval nowadays is almost like hitting a jack pot of some sort. If you are one of the 'lucky' participants who got yourself a loan pre-approval, I want to congratulate you for doing all the right things to earn this gold ticket, the pre-approval letter to buy a house. I am currently working with a few buyers and they all can get pre-approved to buy. One of them told me she was so shocked that the loan process was so easy and she dreaded that part the most at first. I told her the reason it was such a … (14 comments)
buyers: I don't want to talk to a lender till I find the house I want
- 08/26/10 11:08 AM
As a real estate agent, I have heard of this many many times from a buyer. And as a buyer, why would you want to spend your time and energy to do all the researches and find out you may be 10 points away from 620 credit score (minimum required credit score) to get a loan approval? I am saying it can be anything on your credit report that you may not aware of and it stops you from getting a loan. If you are serious of buying, you owe it to yourself to find out how much you can borrow and … (14 comments)
Despite of all the information we can get from the Internet, we can Google anything on earth, we try to educate our buyers what to and what not to do. Sometimes they still prefer to go their way and get themselves into some kinds of mess:
didn't tell the lender of financial changes after loan approval, the lender finds out before closing, can't close. not using a licensed home inspector to do the home inspection, they rather do it themselves to save some money. After moving in the new home, call us … (10 comments)
buyers: Why should I buy after the tax credit has already expired?
- 05/09/10 04:45 PM
Why should I buy after the tax credit has already expired? Tax credit has already expired on 4/30, it may affect the business a little, but it will not put a stop to it. Why? Interest rate is still low No down payment program is still available Inventories are still plenty on the market Home price is still favoring buyers Buyers who want to buy now shows they are not buying a home just for the tax credit, they actually want to own a home Buyers are more ready to buy now then trying to rush to meet the deadline of … (12 comments)
buyers: Buyers, don't take "Move in for Nothing", literally.
- 02/18/10 04:48 PM
Buyers, don't take "Move in for Nothing", literally. "Zero Down Payment" ,"Move in for Nothing" sounds very attractive to buyers, isn't it? But Buyers, there are some expenses for you when purchasing a home before closing, so don't take "Nothing" literally. These are some examples that you will/may need to pay: Earnest money-it is usually a few hundred dollars, average about $300-$500, which usually you will get it back at closing. But you will need to give the earnest money within 3 business days after the offer is accepted. Home Inspection-it is a buyer's expense to pay the home inspector to do the inspection for … (10 comments)
buyers: Homeownership can come true!
- 11/11/08 04:53 PM
With mortgage regulations tightened up, need better credit score, it is not trying to scare buyers away......On the contrary, it is trying to encourage and remind consumers to save more and improve their financial status. It takes effort and time to achieve what we want in our life, it is hard work, but it will be a reward. For those qualified buyers out there, pat yourself on the back. You have worked so hard to stand out in the crowd. Don't be afraid to go out and look and buy and make your dream to be a homeowner comes true. With all the choices out … (1 comments)
Specializing in residential real estate includes new construction, resale, first time buyer, investment properties, and relocation in Marion, West Memphis, and Crittenden County Arkansas.
I am in real estate just turning my 4th year this year, I have already seen lots of changes in this business. I got in the business in 2007, when things started to turn upside down, then it went for the worse. Even the mentality of the public has changed so much in the last few years just amazed me.
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