branson: Doctor Every Time I do This
- 05/18/07 05:51 AM
Doc every time I do this I get a shooting pain down my back. The Doctor's answer is: "then, don't do that". Old joke but it has a lesson, I needed to take a closer look at. In many respects we realtors can get a shooting pain right in the lower back area very close to our wallet every time we trust an unknown participant in a transaction. So we do what the doctor orders "don't do that". We can acquire tunnel vision just like a horse running the Kentucky Derby with blinders on, we don't want to look to the … (5 comments)
branson: Do You Want the House or Not?
- 04/24/07 09:19 AM
Do You Want the House or Not? That was the question a contractor told my buyers while we were under contract. These particular buyers were a dream the wife was expecting their first child and the husband was the owner of a successful boat dock company in our area. I had shown this building site to them but all that was visible was the foundation for the lower area, the home was a walkout. We went under contract and my buyers selected the siding, the type of rock highlights, the cabinets and upgraded the home in a couple of areas. Instead of … (6 comments)
branson: The Price of Turnips on the Moon
- 04/21/07 05:37 AM
In this time of tighter credit requirement agents and Loan officers need to look for alternative lending options for you buyers. Some of those are Buyer's Dream, Niamiah, Chapa, or other 501 (C) (3) not for profit corporations. The 100% loan is still out there like FHA (Disaster Loans), Freddie Mac Home Possible but your buyers need higher credit scores to qualify. In the Gifting program the buyer & seller enter into an agreement where the seller gives a gift to a not for Profit charity corporation. The not for profit charity keeps a fee then gives the funds to the buyer … (3 comments)
branson: That Could Be the Fox in the Hen House
- 04/19/07 08:12 AM
Who should I see for the financing of my new residence? See your agent first. I'd like to tell you a story that has been repeated too many times. A young couple goes to buy a new home. They sit down with a friend of a friend who just happens to be a loan officer. They think, "Well, Jenny said he or she was a great person and real funny." So they sit down at the person's office and start the process. "I'll get you the best rate and don't worry about anything. This won't cost that much, and oh, by … (8 comments)
branson: Who's Watching Your Bacon
- 04/18/07 06:50 AM
So you want to buy a home? Well, I've been in real estate for most of my adult life, and there is very little I haven't seen or heard. There are a number of questions that should be popping into your mind about now. Like, what is the first step in acquiring a home? Or, who should I see for the financing of my new residence? How do I know the home I'm getting is worth what I'm paying? How do I know after the purchase something catastrophic won't happen to the inner working of my newly-purchased palace? What is the … (7 comments)
branson: Market Adjustments
- 03/16/07 05:19 AM
Hi Folks, Well the stock market seems to be going into the pot. Up and down every time Greenspan clears his throat we feel ripples in the market. Everything from stocks, real estate, Mortgage industry. There is a mass excites in the lower regions of the loan market. I had a lender call the other day and told me there were 12 mortgage companies that went out of business that week. Some of this is market corrections and others are self fulfilling prophesies. Market corrections are a part of a healthy economy. Corrections in any market brings a cense of reality to the market place. What will … (1 comments)
Doc every time I do this I get a shooting pain down my back. The Doctor's answer is: "then, don't do that". Old joke but it has a lesson, I needed to take a closer look at. In many respects we realtors can get a shooting pain right in the lower back area very close to our wallet every time we trust an unknown participant in a transaction. So we do what the doctor orders "don't do that". ;)
;)
