Recently Closed Leasehold Purchase in Baltimore, MD

Reblogger Margaret Rome, Baltimore Maryland
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

 

What a pleasure closing a transaction with such a knowledgeable, kind and competent team of professionals.

Two of these professionals are active ActiveRain members. Please take time to read John's post below on how we got to closing on a contract ratified on October 31st...yep that's Halloween and it closed November 29th!

That's 29 days with the Thanksgiving holiday the prior week.  And this was not cash.

We handled a home inspection, an appraisal and a few bumps that needed smoothing.

Thankful for the entire team, making first-time homebuyers and original sellers very happy.

Thank you, John!

 

Margaret Rome

Original content by John Meussner NMLS #138061 MMCD #1141

Recently Closed - Leasehold Purchase in Baltimore, MD

 

 

Did you know you can use Restricted Stock Units as qualifying income on a mortgage?

 

 

Did you know you can get a property financed when ownership is via "leasehold" rather than traditional "fee simple"?

 

Leasehold Purchase in Baltimore, MD

Did you know it's possible to purchase a home under primary residence guidelines (great rates, minimal down payment requirements) using conventional loans to buy for parents or children or are financially unable to buy for themselves?

 

Did you know that for best results in Baltimore real estate transactions, it's smart to include Margaret Rome, Baltimore Maryland and the team she works with at RESE title?

 

 

     All of the above were on full display in a recently closed transaction in Baltimore, MD.  Our client, a local resident here in California, wanted to purchase a home for his parents in Baltimore, MD.  With the help of Margaret Rome, the buyer went under contract on Halloween and we closed before the end of November!

 

     This one wasn't a "cookie cutter" deal from the start - beyond the coast to coast transaction, the buyer had a unique income structure, was buying on leased land, and was flying into Baltimore for closing, so we had to ensure our closing date and time was set as quickly as we could.  Even on the morning of settlement, the world decided we hadn't had enough fun yet and threw some additional curveballs.  With the work of RESE title and our closing team, we were able to hit the curveball and the end result was an on time closing, a happy client, and a new home for his parents.

 

 

     The transaction was a picture perfect example of why working with a great professional team is SO important when buying or selling a home.  We had a real estate agent involved that knew how to negotiate, keep all parties apprised of progress and pointed out things we needed to know at the start of the process, instead of waiting to be surprised later.  We had a buyer who was quick to respond to document requests and returned nearly all requests same day or close to it.  We had a title company that was able to change location of closing last minute, and implemented a plan AND a backup plan with our closing team to ensure funds were wired on time and nothing would prevent settlement from happening when it was supposed to happen.

 

     When you're buying or selling real estate, the beginning typically involves a real estate agent or mortgage lender.  It's important to not only have a great professional helping you, but to find out what kind of team they have behind them.  Personally, I couldn't do what I do without a great team in my office.  Many of the real estate agents I know couldn't be as great at what they do if it weren't for a great TC and/or title partner that allows them to focus on what really matters - their clients.  As we wrap up November, I'll end the month by saying I am THANKFUL to have the team I do, to work with agents like Margaret and the others I've been fortunate enough to meet in and out of the rain, for clients like the ones involved in this purchase who make my job fun and are grateful to have a team working hard for them, and most of all, for this career that I am blessed to enjoy each and every day.

John Meussner

NMLS# 138061

Visit My Website!

 

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Re-Blogged By Re-Blogged At
Topic:
Real Estate Industry
Location:
Maryland Baltimore County
Groups:
Maryland Real Estate and Mortgage Group
Best Business Practices
Cosmic Cow Pie...The Rome Way
Bananatude
Tags:
margaret rome
smooth closing
jeff margolies
john meussner

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Ambassador
2,828,192
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

John Meussner Wonderful recap of this transaction.  I love when there is a happy ending!

Nov 30, 2018 06:14 PM #1
Rainer
449,127
Dörte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Margaret,

This does not surprise me in the least. You continue to make difficult situation look easy.

Nov 30, 2018 08:17 PM #2
Rainmaker
2,930,767
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Margaret. You are constantly honing a team that can get it done! It is a ongoing challenge. The results speak for themselves. Enjoy your day!

Dec 01, 2018 05:13 AM #3
Ambassador
1,685,663
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

How cool. When there is a team of focused professionals at work, there is a way. Great job to all involved in this one. Makes me happy and I know the parties involved are happy too. 

Dec 01, 2018 07:45 AM #4
Ambassador
2,828,192
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Dörte Engel  Thanks. That's what we all do.

Dec 01, 2018 05:59 PM #5
Ambassador
2,828,192
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Wayne Martin So wonderful to work with a team with such competence. 

Dec 01, 2018 06:00 PM #6
Ambassador
2,828,192
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Debb Janes EcoBroker and Bernie Stea JD   And that's just what it was...a team of focused professionals.

Dec 01, 2018 06:01 PM #7
Rainmaker
4,601,144
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Margaret Rome, Baltimore Maryland thanks for sharing the reblog.... and congratulations to you and John .... you're a team that can't help but win....

Dec 03, 2018 03:51 AM #8
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Thanks Barbara Todaro And this team is because of AR !

Dec 06, 2018 08:06 PM #9
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