Negotiating Home Warranties

I have a military couple moving to Fort Hood and looking for a property. They have their eyes set on a particular house and it been inspected. After reviewing the inspection sheet they are concerned about the AC unit.

What I want everyone to know is that we can get a licensed HVAC inspector to come and find out if the unit is or isn't in good condition. If there are any conditions after that inspection then it can be negotiated to be fixed within our option period.  I also advised my clients to call different home warranty companies. Get the best company the has the highest coverage for HVAC. We can negotiate the seller to pay for the warranty.

Don't let things scare you when in fact it can be negotiated to help you the buyer.

HERE TO SERVE!!!

http://jmorrison.killeen-homesearch.com/

Putting the Perfect Clients Together Can Make the Deal

          It’s always important to talk to other agents in the office and find out what some of their clients are looking to purchase. After talking with one of my co-workers I found out one of her client was looking for a fourplex to purchase.  Just so happen one of my clients called me and told me he needed to sell his fourplex.  I paused for a minute and thought about my co-workers client.  I immediately told my client to have his fourplex ready to show two days from now between 11:30 and 2pm. 

I showed up first to talk with my client and to make sure we were going to put a good product on the market.  Go over some numbers with him, take pictures, get measurements and discuss any repairs taking place. Then an hour later the buyer showed up to view the property. He viewed it with his agent and after seeing all of the units he was ready to write an offer.

My client received the offer late that night and signed the next day with all terms met (contract). This was a great opportunity bringing both a ready seller and ready buyer together.

***************Preparation meets Opportunity*****************

http://jmorrison.killeen-homesearch.com/

MLS 178876

MLS 178876

Sold before it was even listed.

Let's just say GONE!

http://jmorrison.killeen-homesearch.com/

Purchasing Property With Cash

For those of you that have enough cash to purchase a home you definitely want to make that move.With cash clients have the option to under bid on a house a substantial amount because they don’t have to pay a lot of mandatory fees.

 

The lender fees are the mandatory fees that make a big difference in the cost. The lender fees may consist of doc prep fees, admin fees, tax fees, courier fees, attorney fees, recording fees, tax certificate fee, wiring fee, title company fee, termite inspection, survey, pre-paid items and more. It’s very important to know that all of these fees don’t have anything to do with your mortgage payments. Also using a lender may take a standard time of 30 to 45 days. These are simply the fees associated with the loan. With a cash closing it may only take 2 - 3 weeks or less to close.

I have a quick closing with one of my houses because it is a cash offer. We have the opportunity to close so fast that the home owner won’t even have to make another mortgage payment.  The owner of this house was just about to have the floors remodeled for a fast sell too, but when opportunity came to knocking it was time to answer. The house received a contract in less than 30 days.

Welcoming a great 2013 and a prosperous year.

website: http://jmorrison.killeen-homesearch.com/

When VA Tells You They Accepted Your Offer But Then They Want To Go Back On What They Accepted

When VA Tells You They Accepted Your Offer But Then They Want To Go Back On What They Accepted

Has anyone else witness this before. There is a foreclosed home listed at $140,000 for 139 days. So my client and I find a house that he loves and it’s in a great neighborhood. We did start the bid a little low. We were $10,000 under asking price and VA wasn’t paying the survey, title policy, and only 3% of closing cost. VA counter back at full price and only 3% closing cost.

The listing agent told me we could either accept or counter. I told him we were doing neither and that we have to keep looking for a house. So, two days pass and the agent calls me and tells me VA Asset Manager has decided to accept our offer. We just needed to put it in writing and sign everything. All of this was on a Thursday evening. By Monday morning (Presidents Day) we had all of the paperwork signed and sent to the listing agent. I also called him to tell him I’ve sent him the paperwork. I believe he took the day off so he was out of the office. I called him Tuesday to make sure he received the paperwork and he said he has to check and that he has been very busy.

So later that day he calls me and tells me VA asset manager must have made a decision too fast, because they can’t justify that price. So I’m absolutely disappointed to say the least and we have to start looking all over again. The listing agent said something to the effect that he needed to get them some comps. My client already told me he wasn’t going to pay any more than the survey, title, the remainder of the closing cost and nothing more than that.  I already knew any higher price wasn’t going to work for my client. So, I’m waiting and asking other agents if they have ever witness anything like this before. I call the listing agent again to get more clarity and he says to me, “Hope they are fine. They accepted everything. I sent them some more comps and It’s fine”. He said it like nothing ever happened. I went through all of that for nothing. It’s good I didn’t tell my client that entire stressful scenario. I needed my clarification first before I sent that energy in another direction.   

Long story short is what wasn’t going to be is now going to be. Soon to be contracted and sold!

Write back and tell me what you think.

http://jmorrison.killeen-homesearch.com/

First Time Home Buyer With Great Credit Scores but Still can’t Get The Loan

First Time Home Buyer With Great Credit Scores but Still can’t Get The Loan

I have a First Time Home Buyer and her credit score was in the 660s. Which is a great score to have especially with VA (their required score is a 620). She had the pre-approval letter so we looked for a house and found one. We proceeded on writing the offer and got all of our terms negotiated. We had our option period so we had the home inspected and found a good insurance quote. Next thing we knew the lender was like: “stop we have red flags all over this file”. I’m trying to find out why and my client was very disappointed just like me. I wouldn’t have ever written a contract with someone not qualifying.

The contract was written and I had a way out for her to get her Earnest Money back of course. I had another lender that I wanted her to go to just in case there was still away to get her approved. That lender does hard loans. She was too nervous so she didn’t. The money she lost was little money, but the basic hard part was over and we still had time for another lender to take a look at her file.
Home buyer can be emotional and sometime you should try another option before you give up. The thing about her is that she was 100% disable, which meant she wouldn’t have paid any property taxes and she would have been paying about $400.00 less monthly than what she was paying now.    

Home buyer is a stressful process something.

5009 Fawn Dr, Killeen Tx

Minutes from Fort Hood Base. Remarkable three bedroom house with two full bathrooms. As you walk into the front door you are greeted with beautiful wood floors. The kitchen has a bar with a nice open flow that is great for easy entertaining. Nothing but the best schools when you come Timber Ridge Estates.