How long does it take to get a mortgage? That is the question a Buyer Agent asked me. Before you shake your head, they submitted an offer on on of my new Manchester NH area Home Listings. It had a closing date of 14 days. At quick glance, GREAT, however under mortgage contingency it had a FHA Mortgage. Red Flag!!!! So I called her and asked how they could close so quick, that is when she hit me with "how long does it take to get a mortgage?" .
My question is how or why did a buyer hire an agent who does not know this question. But my job is to sell this home, so i told her FHA on average takes 45 days to close when the buyer is not just qualified. Some FHA loans can take 60 days to close with the new regulations in place for mortgages. The person with the answer will be the buyers loan officer. I called him to get some answers. He was shocked the closing date was 14 days, i expected a chuckle but got hysterics. He confided in me that they placed a 14 days close to make the offer more attractive to the seller and then they could try to get an extension later. Now I was in tears....
I reviewed this offer with the other few that came in with my Home Owner. With 4 offers they had to not just look at the best price, but best terms, closing date and who was the most qualified buyer.
The one fact is that remains, is a Buyer Agent should know how long it takes to get a mortgage. They should also know you do not try to deceive a home seller and their agent by making bait and switch offers. I wonder if the buyer knows their chances to buy their dream home are less than winning Power Ball with this offer? To answer the question of how long it takes to get a mortgage, on average conventional loans are 30-40 days with FHA 45-60 days. A GOOD Buyer Broker will get you pre-qualified and inform you have time frames and what to expect right from the start. The moral of the story is your choice of who your hire as an agent DOES matter and CAN affect the purchase or sale. The BOTTOM LINE is that your choice in agent will affect how well or not so well your home sale or purchase will go.
The BEST way to go about any home sale or purchase is to know that the consumer should not choose just any agent, choose the BEST agent for the job. My philosophy is simple, provide more personal and professional service to guide my clients through each step of the buying or selling process. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. By using a philosophy, which is simple, to provide more personal and professional service to guide my clients through each step of the buying or selling process, I can help you find your dream home
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The hard truth is that Buying or Selling a home can go as good as the agent you hire.
If you are Buying or Selling a home, you need an agent who will work with you, look out for you and guide you through each step of the Buying and Selling process. Buyers and Sellers should know that they have a choice of agents. Use your choice to hire the BEST agent in your area, and know that bigger is not better.
I have put together a simple recipe for both Home Buyers and Sellers. Follow this along with pricing your home right, and the result can be a SOLD SIGN in your front yard.
THE TOP TIPS TO FIND A "GREAT" REAL ESTATE AGENT
1. LEARN THIS ONE FACT: One should know that All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest Agent or Company. It is important to Hire the BEST Agent. In NH that could be me.
2. CHOOSE THE RIGHT AGENT: As a Buyer OR Seller in this market you need every advantage you can to get your home sold. It starts with choosing the right agent. a. Ask for a Full time agent whose sole job is to sell homes. b. Ask for a Full service agent who will guide you through each step of the selling process. Discount brokers often equal discount services. c. Ask for a Local agent who knows your neighborhood and is readily available when you need them is a must. Out of town agents can leave you high and dry in your time of need. d. Ask for a well experienced Listing Agent can give you the advantages you need when selling your home. Not all agents are created equal. Choose only the best.
3. HOME BUYERS SHOULD START BY: Getting a FREE PRE-QUALIFICATION with a local and trusted lender. They will look at your credit and financial picture and let you know what type of mortgage you may qualify for and what your interest rate and monthly payment may be.
4. HOME SELLERS SHOULD START BY: Getting a FREE MARKET ANALYSIS. Learn what your property is worth in today's market along with how ling it may take to sell. If you are ready to sell now, learn what you should ask for it. How much offers may come in at and what the approximate selling price should be. NH Home owners should contact me now.
IN SUMMARY the key to having a successful purchase or sale can increase simply choosing a better agent. The secret is that All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. I leave you with now infamous philosophy, which is simple, to provide more personal and professional service to guide my clients through each step of the buying or selling process.
It does not take magic to turn your "For Sale" sign into a "Sold" sign. it takes a full time Local Agent who specializes in Listing homes like yours.
If you are thinking of buying a Home please contact us. Get a free pre-qualification along with some of the BEST CUSTOMER SERVICE through each step of the Buying Prices.
WE STRIVE TO PROVIDE THE BEST POSSIBLE SERVICE THROUGHOUT EACH STEP OF THE LISTING AND SELLING PROCESS!!!
If you need to sell your home and you owe more than your house is worth, i may be able to help. I specialize in working with home owners to get your home sold. There are many options such as a short sale which may be able to help you.Please try and avoid out of state or out of town agents and companies that make "out of this world promises". We are local agents with experience who never charge any up front fees.
We are local agents with experience who GET RESULTS!!!
We stand by you through every step in selling your home.
Another reason that makes New Hampshire a great place to Live, Work and Play.
- About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. With 30 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area. To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com . We are Full Time Agents ready to serve all of your Real Estate needs through each step of the buying and Selling process. We are proud to be locally owned and operated.
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