Get a LIFE!

Mortgage and Lending

A real life. The kind that includes friends and work and fun in equal proportions. 

I am speaking to myself here! Today's home-buyers need to feel grounded. With so much in flux it's important to impart a sense of purpose and commitment to their own lifestyles as they consider home ownership. Have you ever suggested a couple get counseling before they go house shopping? I have! Being personally grounded will help them make better decisions. Home ownership or real estate investment, after all, is about supporting a personal vision for your life.

Here are a few Buyer Tips that really add up:

+ Be Cool!  I sometimes have the urge to say "Kick anyone to the curb pressuring you to ‘buy now’!" We all know the best decisions come from a sense of empowered choice. Helping our buyers learn the nuances of today's home buying process will save heartaches along the way. I suggest they take a homebuyer course, an online program or start a local buyer’s club-- and have fun with it. Rushing into buying a home out of peer pressure is not a good reason. They need to want it --really want it.

+Take Time Out. Off the clock, off the pressure.  Time ON to explore goals and purpose and reasons for home ownership in the first place. Let your buyers set the pace. Of course, some people are better off renting. So if thoughtfully completing a home budget and saving money for their most basic closing cost is 'just too hard' then maybe home ownership is not for them. Maybe later.

+ Get Real: Investing in any plan is challenging. Buyers must be committed to success and willing to establish realistic expectations. At the earliest stage I address any issues like paying down auto loans or saving funds for down payment and closing costs and set a time line. This could be years away! Since we don’t charge a fee for the up front consultation- even if it takes a year or more - you have to believe in educating borrowers as building your own future.

+ Save Now! I strongly advise first time buyers devise a savings plan toward closing costs, say 5% of their home’s sale price for starters. Many loan programs allow family or employer support. We just love to see a demonstrated ability to save so money in the bank will go a long way to convincing a lender that they are ready and able to manage their mortgage commitments.

+ Get Smart! When you think about it: people should be required to get a license before becoming home owners. I invite you to send your buyers for their ‘learners permit . Local folks can attend my FREE Home Buyer Education Seminar (TBD schedule) sponsored by the Washington State Housing Finance Commission. Featuring five hours of solid financial and home ownership skills presented in a lively interactive format. I am inviting local industry professionals to share their ideas so call me if you'd like to present a segment. I'll be looking for a few home inspectors, repair contractors and home budgeting bookkeepers to join my Lender and Realtor team. Participants will receive an approved Home Buyer Certificate for successful completion. Very cool. Great exposure for presenters also- so call me if you are interested.

= Rock Star Buyers:  A Pre-Approved Home Buyer with our Priority Buyer Letter in hand is, after all, a beautiful sight!

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Comments (10)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

To actually have balance in one's life as a Realtor takes care and purpose.

Sep 01, 2011 06:09 PM
P.J. Virgilio Jr., Realtor 408-568-6578 Selling homes in the Greater San Jose area and South through San Martin, Gilroy
Keller Williams Realty Silicon Valley - Gilroy, CA
San Juan Bautista and Hollister as well!


Very well said and it must feel good to have balance in ones life..... I keep trying. If I can only be half the person my dog feels I already am, well I would be fine with that!


Sep 01, 2011 06:12 PM
Susan Templeton
Bellingham, WA

Hi Mark, (or is it Tim?) Care and purpose are two very admirable traits in themselves.

Sep 01, 2011 06:15 PM
Susan Templeton
Bellingham, WA

Patrick, I aspire toward balance and writing about it serves as a reminder. My cat feels the same way...thankfully!

Sep 01, 2011 06:17 PM
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Susan, all great points, and I do think buyers should go to counseling, or a spending and savings plan workshop. The more prospective buyers know the better informed they will be when it comes time to buy. No one should ever be pressured into buying now.  Sounds like a great program you are offering!

Sep 01, 2011 06:22 PM
Kym Wright
Prudential California Realty - Olivenhain, CA

This is all so true Susan.  Our industry is so easy to get caught up in work and forgetting about ourselves.  We have to take time for friends and family.  We also have to respect that our clients have that same balance.  These are all really great tips!

Sep 01, 2011 06:25 PM
Susan Templeton
Bellingham, WA

Hi Pamela, Thanks for your thoughts. I'm considering recording pod casts of my course and publishing online but just getting started on it this fall. Wish me luck!

Sep 01, 2011 06:26 PM
Susan Templeton
Bellingham, WA

Kym, Sometimes the hardest thing to do is 'push away from the phone or keyboard'.  The moment I feel caught up is precisely the moment to stop and breathe and respect life. Thanks for commenting!

Sep 01, 2011 06:30 PM
Robert L. Brown - Grand Rapids, MI
Grand Rapids Real Estate Bellabay Realty, West Mic

Good tips you have there. You have to have some balance in your life in this market. Right now things are going really well and I feel Blessed to be in this position.

Sep 10, 2011 08:16 AM
Susan Templeton
Bellingham, WA

Hi Robert,

Thank you. I agree...we have so many opportunities to explore in this market. All the best to you!

Sep 10, 2011 02:47 PM