Sometimes You Zig and Sometimes You Zag

By
Real Estate Agent with Karen Parsons-Fiddler, Broker 949-510-2395 BRE# 01494165

 

Sometimes You Zig and Sometimes You Zag

 

My husband used to roll his eyes as I talked through a situation. Yes, women are famous for talking too much. When we were faced with anything from deciding on which vacuum to buy or a family vacation destination, I liked to talk throught the pros and cons of each option.

Drove him nuts, but he just grinned at me!

But this week this trait helped my buyer close on a loan. We were faced with an issue about seasoning funds. They were buying with a complicated package which included income, savings, home sale proceeds and two different trusts. 

While it was clear to everyone, including the underwriter, that there isn't a real problem with the source of funds, guidelines were making the final approval difficult. 

After numerous phone calls and emails, it became clear that we all needed to meet in person, so I arranged this to take place at the lender's office. During this meeting, we explored our options about moving money and taking title. In the end, based on the goals of the buyers, we were able to allow a trust to buy the property directly.

It actually made sense as they were planning to move the home into the trust any way.

The solution was not immediately apparent because not everyone knew what the goals of the buyers ultimately were. This was solved through discussion and brain storming. 

Sometimes real estate is viewed as an us vs them...the "them" could be the other parties but sometimes it's the lender. Partnering is the key to overcoming road blocks in any transaction and by honestly exploring options, we can often find solutions which might have elluded us on our own. 

 

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Rainmaker
3,494,146
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Karen... to me all of a real estate transaction is a partnership... with my clients, with anyone who provides a service to one of my clients, with my cooperating broker and his or her clients. All of us committed to pulling together is what makes it all come together at the end of the day.

Jul 21, 2016 02:12 AM #1
Rainmaker
1,400,487
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Karen Fiddler, Broker/Owner - as Nina Hollander said and I couldn't agree more, it takes everybody communicating and cooperating to get to the closing table!

Jul 21, 2016 02:22 AM #2
Rainmaker
536,932
Mark Don McInnes, Sandpoint
Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Well done Karen.  Getting everyone to at least see from more than their perspective always helps.  Doesn't always mean having to agree which in this case they did.  Kudos.  Mark

Jul 21, 2016 02:22 AM #3
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Orange County & Lake Arrowhead, CA (949)510-2395
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