DK'S INTERESTING TIDBITS
MORTGAGE CALCULATOR
MORTGAGE CALCULATOR
MORTGAGE CALCULATOR
BI-WEEKLY
MORTGAGE CALCULATOR
MORTGAGE CALCULATOR
GINA AND I HAD A TALK ON BI-WEEKLY PAYMENTS AND IT GOT ME TO WONDERING, SO I STARTED RESEARCH INTO IT AND THIS IS WHAT I FOUND OUT..........HAVE YOU EVER THOUGHT OF MAKING YOUR HOUSE PAYMENTS OR ANY OF YOUR CREDIT CARDS BI-WEEKLY................IT WILL SAVE YOU MONEY .....................CHECK IT OUT !!!!!!!!!!!!
MORTGAGE CALCULATOR
FOUND 2 ARTICLES THAT MAY INTEREST THE HOMEOWNER IN SAVING MONEY AND PAYING OFF THEIR HOME LOAN FASTER
AN ARTICLE FROM AMERICAN PACIFIC MORTGAGE BLOG WEBSITE AND AN ARTICLE FROM BRIAN O'CONNELL IN THE WEBSITE "THE
STREET" CHECK IT OUT!!
ACCREDITED BUYERS REPRESENTATION
MIDI SAYS WHY WOULDN'T YOU WANT TO BE APPROVED
ARE YOU NEW TO THE WORLD OF BUYING THAT FIRST HOME, A BUSINESS OR PERHAPS VENTURING IN BUYING REAL ESTATE AS INVESTMENTS?
WE ARE HERE TO HELP. THESE ARE VERY IMPORTANT & SOMETIMES STRESSFUL AREAS ESPECIALLY WHEN FIRST STARTING OUT BUT DON’T WORRY- WE CAN HELP!. OUR YEARS OF EXPERIENCE & DEDICATION IN REAL ESTATE WILL BE VERY BENEFICIAL TO YOU WHEN WE ARE ON YOUR SIDE.
AS YOUR AGENT WE ARE SEEKING THE BEST PRICE AND THE BEST OUTCOME FOR YOU.
WE HELP YOU WORK ON YOUR CREDIT, POINT YOU IN DIRECTIONS FOR FINANCING, HELP YOU IN UNDERSTANDING LOAN TYPES, GETTING APPRAISERS, HOME INSPECTORS, SURVEYORS ……..
AS YOUR AGENT WE WILL WORK WITH YOU IN FINDING THE JUST RIGHT PROPERTIES FOR YOUR NEEDS TODAY & IN THE FUTURE.
AS YOUR AGENT WE WILL HELP YOU IN PREPARING & SUBMITTING STRONG SALES CONTRACTS, AS WE WILL WORK YOU TO MAKE SURE YOU ARE THE PREPARED & APPROVED BUYER AS WE WILL WORK WITH YOU SO THAT YOU ARE READY TO PURCHASE BEFORE VIEWING THAT FIRST HOME.
AS YOUR AGENT YOU WILL HAVE A VERY GOOD IDEA OF YOUR MONTHLY PAYMENT, INTEREST RATE, BECAUSE YOU WILL BE READY TO PURCHASE. BUYERS PLEASE KNOW IT IS CRUCIAL THAT YOU ARE PREPARED & APPROVED TO PURCHASE BEFORE VIEWING ANY HOME. YOU DON’T WANT TO FIND THE RIGHT HOME ONLY TO FIND YOU CAN’T BE APPROVED FOR THAT AMOUNT, OR THE HOME WON’T MEET THE REQUIREMENTS OF YOUR LENDER’S INSPECTIONS/APPRAISALS.
TO START THE HOME BUYING PROCESS THE #1 STEP IS GETTING LOAN APPROVAL PRIOR TO ANY & ALL HOME VIEWINGS. YOU LOAN APPROVAL WILL GIVE YOU & US THE INFORMATION REGARDING THE TYPE OF LOAN YOU ARE QUALIFIED FOR, WHAT YOUR MONTHLY MORTGAGE WILL BE, BUT EVERYTHING IN THIS HOME BUYING PROCESS BEGINS WITH YOUR LOAN APPROVAL-EVERYTHING.
WE LOVE WORKING WITH BUYERS & SEEING YOU GET THAT HOME OF YOUR CHOICE & DESIRE~ CALL US TODAY. WE ARE READY TO WORK WITH YOU, ARE YOU READY TO START THIS JOURNEY??
AS YOUR AGENT WE CAN WORK WITH YOU TODAY AND TOGETHER WE WILL REACH THAT CLOSING LINE “WE ARE AN ACCREDITED BUYERS REPRESENTATIVE.”
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"LOVE LETTERS TO THE SELLER"
Additional Information
The National Association of Realtors discourages writing letters to the seller. It brings up potential hazards to the buyer and may be to the realtor. The letters to the sellers from the buyers are written statements that accompany a potential buyer’s offer. While these types of letters are not in and of themselves illegal, it is important that without careful thought and consideration, it could end up being a Fair Housing Act (FHA) violation for the Realtor, or could possibly disclose too much to the seller and take away the advantage the buyer may have.
FOR EXAMPLE IF
A buyer drafts a letter that includes how excited the buyer is to raise a family in the home. They cannot wait to see future children excitedly running down the stairs on Christmas morning. However, this buyer’s letter touches on two protected classes under the FAIR HOUSING ACT: familial status and religion. Should a seller take these factors into account in arriving at a determination to accept the buyer’s offer, it could be a fair housing violation.
ANOTHER EXAMPLE IS IF
a buyer drafts a letter that discusses the buyer’s love of the homes’ architectural features and the buyer’s appreciation of the various details of the home’s construction then the buyer is giving away his power and the seller could come back with higher counter. I am letting you know these are potential problems for the buyer to get this property at his price.
10 STEPS BEHIND
DID YOU EVER WONDER????????????????????
Have you ever wondered why you lost on getting the house you wanted?
Have you ever thought why and how someone got there before you?
Have you ever thought how can I get there first?
?????????????????????????????
BE PREPARED OR YOU WILL BE 10 STEPS BEHIND.
YOU ARE 10 STEPS BEHIND
step 1 step 2 step 3 ............................
When a house goes on the market, you are automatically behind. The listing agent has already imagined in her or his head and figured out who he or she is going to show this great deal of a house too first before she gets it on the web. The listing agent calls her clients and tells them a new listing is coming soon and believe me, her people are looking for it too.
YOU ARE 10 STEPS BEHIND
step 4 step 5 step 6 ............................
Those clients are already figuring out how much money they may need, the cost they may have to have and who they need to get in touch with to buy the great deal of a house, they are preparing for the investment and believe me they wont waste the time.
YOU ARE 10 STEPS BEHIND
step 7 step 8 step 9 ..............................
Those clients head for the lender, to get the loan ready so they can grab that great deal of house. They do their paperwork, they get their needed documents into the lender, the employment info, the
banking info, the living where and when info. they get it all in, whatever that lender needs. They get their Qualification for a loan, their proof of funds and their needed cash and they are READY TO GO.
YOU ARE 10 STEPS BEHIND
step 10 ...............
They look at the house, they know what the realtor told them, they estimate how much to fix or if its the perfect house. they know what they will pay and they know what their bottom line is for the price...................... SLAM THE OFFER IS MADE....................SLAM THEY GOT THAT OFFER IN BEFORE YOU THOUGHT OF WHO WHAT AND WHEN CAN I GET THIS HOUSE................................ YOU ARE 10 STEPS BEHIND.
BUT !!!!!!
YOU DO NOT HAVE TO BE 10 STEPS BEHIND WE ARE READY WE ARE PREPARED
WE ARE READY
WE ARE PREPARED
ARE YOU?
ARE YOU READY ?
ARE YOU PREPARED?
LETS SHOW THESE SELLER'S THAT WE ARE READY.
I WANT TO HELP MAKE THAT DREAM OF OWNING YOUR OWN DREAM HOME COME TRUE TODAY.
PRE APPROVAL MEANS
BUYERS ADVANTAGE
The mortgage process can be complicated and lengthy. Potential homeowners who are preapproved for a mortgage often have an advantage to speed up the lending process and beat out other buyers bidding on the same home.
Getting preapproved for a mortgage means you will have leverage negotiating with a seller since the owner knows that you are more likely to have a loan approved. IT MAKES YOU A WINNER
WINNING IS GETTING THE HOME YOU WANT AT THE PRICE YOU CAN AFFORD WITH CONFIDENCE.
A pre-qualification is a step short of a pre-approval, WITH NO ADVANTAGES
!!!!!!!!!!!!!!!!!!!!!!!!! BE A WINNER !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
CHECK OUT MORE BELOW
FROM GINA
ARE YOU CONSIDERING PURCHASING A HOME THAT IS A SHORT-SALE/OR A FORECLOSURE?? HERE ARE A FEW THINGS YOU WILL NEED TO KNOW. THESE ARE NOT YOUR TYPICAL REAL ESTATE PURCHASES! FIRST OF ALL THE MAJORITY OF THESE PROPERTIES WILL REQUIRE MORE THAN JUST A FEW REPAIRS & MOST OF THE TIME, SELLERS WILL NOT COMPLETE ANY REPAIRS OR ALLOW YOU TO COMPLETE REPAIRS-NOT BEFORE CLOSING. SO MANY OF THE TYPES OF FINANCING THAT REQUIRE $0 DOWN OR A LOW DOWN PAYMENT CAN’T BE USED FOR THIS TYPE OF PURCHASE. YOU MAY WANT TO CHECK OUT FHA 203 K FINANCING, A CONVENTIONAL LOAN WITH NO CONTINGENCIES, OR PAY CASH. IF YOU ARE GETTING A LOAN, THEN COME TO YOUR REALTOR PREPARED & THIS MEANS ARMED WITH YOUR LOAN APPROVAL LETTER. NOW WE ARE READY TO MOVE FORWARD-AGAIN I STRESS THIS IS NOT YOUR TYPICAL REAL ESTATE TRANSACTION! USUALLY MORE DAYS ARE REQUIRED BEFORE WE WILL KNOW IF SELLERS WILL ACCEPT YOUR OFFER-SOMETIMES THIS MAY TAKE 3-5 DAYS OR LONGER. REMEMBER WHEN YOU MAKE THAT OFFER, THERE ARE LIMITED PROPERTIES AVAILABLE OUT THERE SO CHANCES ARE THERE WILL BE OTHERS BUYERS COMING ON BOARD TOO. ALWAYS MAKE YOUR BEST OR VERY NEAR BEST OFFERS
EARLY ON TO HOPEFULLY GET YOUR OFFER APPROVED BEFORE MORE BUYERS SUBMIT OFFERS TOO. JUST KNOW YOU ARE NOT ” UNDER CONTRACT” UNTIL SELLER HAS EXECUTED YOUR CONTRACT IN WRITING. AFTER THIS HAPPENS IN THE REO WORLD, THINGS START MOVING SO FAST-BECAUSE ALL OF PRE-APPROVAL ETC HAS ALREADY BEEN DONE, (REMEMBER SELLERS WILL NOT EVEN LOOK AT YOUR OFFER NOR WERE WE ALLOWED TO SUBMIT IT WITHOUT THE PREAPPROVAL LETTER OR PROOF OF FUNDS) THAT CLOSING DATE IS HERE BEFORE YOU KNOW IT!!!
FORECLOSURES CAN BE A GREAT PURCHASE FOR YOU NEXT HOME OR INVESTMENT-JUST BE PREPARED & HAPPY HOME SHOPPING!!!!!
MULTIPLE OFFERS
A multiple offer occurs when more than one prospective buyer makes an offer on the same property by submitting a Contract of Sale. A Multiple offer often happens in a seller’s market when competition for residential property is greatest. It also typically happens when there are more buyers than there are properties for sale. In a seller’s market, when the number of buyers exceeds the number of available properties, it’s common for homes to receive multiple offers. For buyers, it can be a challenge. You’ve found that diamond-in-the-rough house, but so have five other people and they’re just as qualified and determined as your buyers. Obstacles to the buyers include a lack of affordable homes, a lack of homes that fit buyer criteria, competing with multiple offers, and saving for a down payment. Another obstacle is the type of loan your buyer has and what they need to close, and other items needed in the contract such closing date, earnest money, inspections, and appraisals. That will be what the seller and his/her agent will be looking at that contract, giving the seller the best contract to choose from. So, to the buyer be prepared on your loan, have all the docs your lender requires completed on time, have your Buyers agency agreement signed so your agent can help you, have your pre-approval letter ready. But remember in a multiple offer your offer may not be accepted. That is not your agent’s fault, its just there are more buyers wanting the same property as you.
Letter From The Editor by Deborah K Chrisco
Why would you not want to sign a Buyers Agency Agreement
Buyers’ agents are part of the process of making it possible and the satisfaction to a buyer finding a desired home. It is developing a kind of relationship building between that buyer and that agent. One, it protects the buyers, and it also protects the real estate agent. The Buyer agency agreements help to protect these relationships and ensure that everyone involved is hopefully achieving their goals by the end of the transaction, and that means both the buyer and the realtor. It is a necessary process that will enable the agent to receive her/his commission, and to alleviate another realtor from stepping in the middle of the process, and to the buyers it alleviates the stress, the headaches and confusion of the process of purchasing, actually giving a clearer picture to all. While these agreements are negotiable, they do create boundaries for how long the client and agent will work together as well as geographical boundaries, the areas the realtor is representing. You as the buyer can keep the time to a minimum of how long you want to work with that realtor, and you would know what territories that agent works. If you find you can not work with that agent, you can request to end the agreement with that person without any hurt feelings.
Since sellers are typically responsible for paying the commission fees for both parties, there’s no good argument for going without a buyer’s agreement. Do you know if you are working with the listing agent of the property, you have no loyalty to you, no representation, the seller has it? That means the listing agent is obligated to the seller only. Do you know you may not have all the facts, because the agent does not have to disclose to you everything? The buyer’s agency agreement protects you from that, you, the buyer, it does not take away your advantage and representations of your own interest. This is especially important when a seller has their own agent to represent their interests and advocate on their behalf. You may unknowingly tell the other agent you love that place and have dreams for it and the agent then gives the advantage to the seller.
Buying a house without a realtor means that you as the buyer won’t have someone in your corner who knows which common issues to look for during the process, from contract to the final walkthrough and to the closing table. It also means that there’s no one to help you craft an offer or negotiate a counter offers that will have your interest as a buyer’s agent does. Working with an experienced local agent helps buyers to save money and save on the mistakes many potential buyers make and it helps the agent.
PROBLEMS ...WE HAVE THE SOLUTIONS
THE DETAILS
BETWEEN BUYERS AND SELLERS
FINDING THE SOLUTION
PROCESS IN BUYING A NEW HOME FROM START TO FINISH
FINDING THE SOLUTION
BETWEEN BUYERS AND SELLERS
FINDING THE SOLUTION
IF A CUSTOMER CAN'T FIND THE ANSWERS IT GETS FRUSTRSTAING FOR THEM IN BUYING OR SELLING THEIR HOME THEY TURN TO US TO HELP THEM FIND THE ANSWERS
BETWEEN BUYERS AND SELLERS
BETWEEN BUYERS AND SELLERS
BETWEEN BUYERS AND SELLERS
BETWEEN BUYERS AND SELLERS THE CROSSROADS THAT THE BUYERS AND SELLERS MUST GET TOO TO MAKE THE SALE HAPPEN MAY BE A TOUGH ONE. THATS WHERE I COME IN TO MAKE THE DAY ARRIVE AS SMOOTHLY AS I CAN.
THIS OR THAT
THOUGHT THIS DAY WOULD NEVER COME
BETWEEN BUYERS AND SELLERS
SO MANY WAYS ... SO MANY DECISSIONS TO MAKE................ WHAT IS A GOOD WAY .................... WHAT ARE MY OPTIONS
THOUGHT THIS DAY WOULD NEVER COME
THOUGHT THIS DAY WOULD NEVER COME
THOUGHT THIS DAY WOULD NEVER COME
WE HAVE MADE IT TO THE FINISH LINE AND THE PROCESS IS COMPLETE
WE ARE CLOSING
BUYERS
WHY MUST I SIGN AN EXCLUSIVE RIGHT TO REPRESENT AGREEMENT?
MANY OF YOU BUYERS HAVE HAD AN AGENT ASK YOU TO SIGN AN EXCLUSIVE RIGHT AGREEMENT. YOU HAVE ASK WHY MUST I SIGN ONE? MY QUESTION IS WHY WOULDN’T YOU WANT TO?
THE AGREEMENT BINDS YOU THE BUYER WITH YOUR AGENT. YOU THEN ARE THE AGENTS CLIENT. THIS MEANS THE REALTOR IS BOUND TO USE ALL HER OR HIS SKILLS AND KNOWLEDGE TO NEGOTIATE ON YOUR BEHALF AND ACT IN YOUR BEST INTEREST AT ALL TIMES. AS A CLIENT YOU CAN EXPECT TO BE AT THE TOP OF THE AGENTS TO DO LIST AT ALL TIMES.
DON’T YOU WANT TO HAVE SOMEONE IN YOUR BALLPARK? IN HELPING YOU UNDERSTAND THE PROCESS, IN SEARCHING FOR THE RIGHT HOMES, IN FINDING OUT IF THE HOME HAS FLAWS AND WHAT THEY MAYBE, AND YES GETTING DOWN TO THE NITTY GRITTY OF NEGOTIATING FOR YOU TO GET THE RIGHT PRICE, THE AVAILABLE HOMES ACCESS AND LAST BUT NOT LEAST IS DOING THE PAPERWORK. ALL THIS IS DONE WITH YOU IN MIND.
YOU ARE STILL IN CONTROL
ITS ALL ABOUT YOU WITH A BUYERS AGENT.
MY QUESTION AGAIN, IS WHY WOULDN’T YOU WANT TO SIGN AN EXCLUSIVE RIGHT AGREEMENT?
CALL ME 870-278-3625
I WANT TO SPEAK MY MIND FOR A MOMENT
A CONTRACT IS A CONTRACT
A CONTRACT IS A CONTRACT
A contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality. When a buyer signs a real estate contract and all parties agree to that contract, it is a binding agreement under the law. IT IS GUARANTEE THAT A BUYER HAS A HOME AND THE SELLER GETS COMPENSATED FOR THE HOME. If the buyer was given the options for doing an inspection and signs a paper stating they waive it and still chooses not to have an inspection nor an appraisal done, then that buyer is taking the property as-is. He cannot choose to say I am not going to closing because this is not fixed or that is not. He chose not to have an inspection given the option on the contract to have one. He has seen the home, and then puts in a contract, the property is the same on the mls as in person, and with the listing. One does not like it at the time you can just walk away then but not after signing a contract and especially with no contingencies such as an inspection or appraisal and backing out of having an inspection. So, If nothing is put in the contract at the beginning and I do mean at the beginning of the contract stating its contingent on repairs of an inspection or an appraisal then that buyer is still obligated to the contract. The buyer cannot demand things be done at a day before or 10 minutes before closing that these things are to be done. The title company has done their job, the realtors have done theirs and one gets i am not going to go to closing. Then this buyer has defaulted and IS IN DEFAULT and the seller can or may, if he wants to sue you, you will not get your earnest money back. That's just a fact. Another thing I also want to talk about is if a seller says they cannot leave their house at closing time, and they did not have it in writing that they needed time to move or find a place to move into. It needs to be in the contract, not at the last minute. Just a throw to the wind last ditch effort that you did not get your stuff together and then you want to get out of a contract. These are two situations that have given me an extreme headache and have just a little bit tarnished my credibility to other realtors, lenders and even other sellers or buyers. A contract is a binding agreement so if you are not ready to commit to the purchase don't start the process.