Found 10 entries about Mortgage & Lending.
Check out this new app. Since our job is to make things easier for our clients, this needs to be in the arsenal of all of our Realtors.
We might need to try this out the next time a T-47 Survey Affidavit needs to be signed.
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Okay, so you have found your dream home. The sellers have accepted your offer. If you are like most people, this will be one of the single most important and expensive purchases you will ever make. So, you need to ensure that your greatest asset is completely protected. Let's discuss how to do just that.
Title is the legal evidence of your right to own and possess the land. Since there is always a chance that someone other than the seller has a prior legal right to the property you are buying, title insurance offers you protection, which gives you a peace of mind about your purchase. There are a number of prior issues or "defects" that can go undisclosed even after a careful "title search" of public records. Sometimes…
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As a listing agent, one of my primary obligations to a seller is to do everything within my ability to assist them in getting the proper value for their home. Â Unfortunately, there are times when appraisers may not know a particular market well. Â While this is not the norm, it does happen. Â We make it a habit to communicate with the appraiser and to provide them data with respect to the comparable sales we used in pricing the home. Â We will also ask the seller for a list of all upgrades, etc to evidence the details regarding the home. Â When possible, we will deliver this information to the appraiser in person to establish a good report with him or her. Â Below are a few frequently asked questions regarding…
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As you know, there are a lot of decisions to make when you’re moving. Once you have determined the right city, the right community, the right builder, the right home, and the right it’s time to secure the right financing. When you decide to buy a home, it is very likely that the builder will have some form of partnership with a lender. There are a number of reasons that builders have done this.
Their primary reason is to control the quality of the transaction and to ensure that you close when you are supposed to close. I certainly cannot blame the builders, because many “lenders” are incompetent and they fail to meet crucial deadlines. There has been a great demand for loan originators and many rookies have rushed to fill the void. This level…
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After years in the Real Estate business as an owner and broker, I have spent many hours looking for the best way to educate people before they enter a model (new) home. I have seen far too many people be taken advantage of. Please read the following and see what you can learn from “Tom and Cindy’s” experience.
Most buyers are operating on a very uneven playing field. Think about it for a minute…the sales rep for the builder may sell 15-20 homes per month. But, this may be your 1st, 2nd, or 3rd home. That means you are vulnerable when compared to the builder’s rep. Great sales reps are excellent at maximizing their employer’s (builder) profit centers, often to your disadvantage as a new…
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In Texas, the choice of a title company is freely negotiated between the buyer and the seller. In the past, the seller has traditionally paid for the title policy, due primarily to the seller’s contractual obligation to pass good title to the purchaser.  However, with the market moving to a 'Seller's Market' we are seeing more Buyer's offering to pay for this policy since this enhances the strength of the offer in competing offer situations.
It makes sense therefore, that the party paying for the policy should be able to choose the provider. However, since the buyer will be the beneficiary of the title policy even when the seller pays, they have every reason to demand that the title insurance be closed and backed by a company they feel is reputable and…
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As you know, there are a lot of decisions to make when you’re moving. Once you have determined the right city, the right community, the right builder, the right home, and the right price…it’s time to secure the right financing. When you decide to buy a home, it is very likely that the builder will have some form of partnership with a lender. There are a number of reasons that builders have done this.
Their primary reason is to control the quality of the transaction and to ensure that you close when you are supposed to close. I certainly cannot blame the builders, because many “lenders” are incompetent and they fail to meet crucial deadlines. There has been a great demand for loan originators and many rookies have rushed to fill the void. This…
1424 Views, 0 Comments
After years in the Real Estate business as an owner and broker, I have spent many hours looking for the best way to educate people before they enter a model (new) home. I have seen far too many people be taken advantage of. Please read the following and see what you can learn from “Tom and Cindy’s” experience.
Most buyers are operating on a very uneven playing field. Think about it for a minute…the sales rep for the builder may sell 15-20 homes per month. But, this may be your 1st, 2nd, or 3rd home. That means you are vulnerable when compared to the builder’s rep.  Great sales reps are excellent at maximizing their employer’s (builder) profit centers, often to your disadvantage as a new home buyer.Â
Understanding this information will help you to…
2298 Views, 0 Comments
