Reblogger Linda Edelwich
Real Estate Agent with William Raveis Real Estate 0757389

I came acrossed Paula Hamilton-McDonald's post and thought it was worth re-blogging. In her post, she offers 5 key points buyers should do while before, during and after entering into a real estate transaction, and of course with the help and expertise of a buyer agent.  The key take away: staying calm throughout the process!

Original content by Paula McDonald, Ph.D. TREC #547752



Yesterday I read with interest Joe Petrowsky's blog concerning the restrictions in lending that are affecting all of us.  Closings are now met with major challenges causing our clients and each person involved major headaches and sometimes heartache.  The game has changed folks and anything can happen.

As agents, we now have to prepare and counsel our clients to expect demands from underwriters, expect delays and to be realistic that a denial could come.  I am seeing the most bizarre demands from lenders causing unbelievable delays in our closings.  Unfortunately I am seeing denials to people who have good credit but because their income comes in through self-employment means or even royalties from oil wells. These hard working people are being turned away and finding homeownership slip away.

I am finding that by having the discussion early on with my clients about the reality of what is really happening out there helps tremendously when the hiccup occurs.  There are several things that we can do to help avoid and to prepare for these situations.  Here are a few tips that help when things get rocky:

  • CHOOSE your lending partner carefully.  Finding a lender who is available, communicative and proactive is worth a lot.
  • SHOP lenders and make sure you have several who can offer creative and innovative solutions when problems arise.
  • DISCUSS issues are more common than ever and to be prepared for them.
  • DO NOT FILL UP THAT MOVING TRUCK TOO EARLY.  Let your movers know that your move could be delayed and make sure they are willing to work with in the event this happens.
  • BE PATIENT.  Being realistic that a delay can occur can help tremendously when things are going nuts.

Bottom line folks, the game has changed and we all need to be ready, stay calm and be prepared for closings that are anything but smooth.  When we do get that easy close, be thankful as this is a rare occurrence.  Hopefully things will settle down a bit.  In the meantime, take a deep breath and handle each challenge calmly and don't panic!

Buying a new home is a great investment.  Give me a call today.  I have great lending partners who can help you every step of the way.  I would love to assist you!


Paula Hamilton~McDonald ~ REALTOR®

Broker ~ Managing Principal

Chevaux Group

        9595 Six Pines Drive, Suite 8210 ~ The Woodlands, TX  77380 ~ 936-203-0279

South Montgomery County Chamber


Copyright 2011 Paula Hamilton~McDonald


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Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos

i Linda,  Great advice.  I've found that having a little counseling session early on in the relationship is very helpful.  Being on the defensive is usually not a good idea !

Oct 03, 2011 04:51 AM #1
Paula McDonald, Ph.D.
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

Thanks so much for the re-blog.  I always take it as such a compliment.  Hope you had a great day.

Oct 03, 2011 03:11 PM #2
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Linda Edelwich

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