New Construction

                                  New Construction Issues

I was disappointed with one of our local builders. Closing was set for a certain day, but it didn’t happen because of the final appraisal report that was due before closing.  That’s fine and I have no problem with that because that’s out of every ones hands. What I do have a problem with or what I was happy about was we did our walk thru with the builder’s rep on a Monday and closing was scheduled for Thursday. So tell me why on our walk thru and hour before closing were the same existing issues still present. Ridiculous to say the lease…….touch up paint was still needed, door stoppers, jets with the Jacuzzi not working, etc. How easy is touch up paint and why not complete it.  The Builder’s Rep said well they weren’t closing when expected so we stopped everything (That’s the wrong answer).

I told the builder rep, you want my clients to sign and the repairs aren’t complete. On top of that it ended up being a Friday and if wasn’t funding today then we wouldn’t get the keys until Monday. Who wants to have this issue when they could just wait until Monday to sign. If we waited then they wouldn’t have a mortgage payment until August 2013.

 

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

Why I Sell Marketable Houses

3610 Armstrong County Court, Killeen Tx for Sale

I love selling houses and what I like selling even more is marketable listings. I have a new listing that is gorgeous from the ceiling to the floor. 

This is one:

Hey potential Home Owners stop your car and bring your family and friends to this lovely three bedroom two bath home. This home shows remarkably well and is in a very desirable neighborhood. The home owner took great pride with the beautiful upgrades they completed. This home has Laminate Chestnut Hickory Wood Floors, Chair Railing throughout the living room, Ceramic Tile Floor and Backsplash, Marble Countertops in the Bathrooms, New dishwasher, Marvelous Cortes Sink, New Carpet in the Master, and Double Sink with a wonderful Mirror to match. The owner spared no expensive in remodeling, so New Construction needs to keep up with this home.

This home is ready to Sale.

http://jmorrison.killeen-homesearch.com/listing/mlsid/83/propertyid/180661/

Getting a VA Foreclosed Home Appraised

                                  Having Your Home Appraised

I just finished having a VA Home appraised and to my surprise it needed to be re-inspected for repairs. The house needed to be re-inspected by an appraiser because of the fence and outside paint. The inspector said the house needed to be completely re-painted on the outside. The house was already negotiated 20% below market value. VA wasn’t going to do the repairs unless the price on the house was going to be re-negotiated (increase the price). So the repairs needed to be negotiated outside of closing.

This seems as though this is becoming a trend and more and more foreclosed homes are having issues with the appraisal and foreclosed means the property is selling as is without any repairs.

Real Estate Sales!
http://jmorrison.killeen-homesearch.com/

Budgeting For a New Home

It’s important when you’re in the market to purchase a home that you’re shopping within your budget.  Your lender may qualify you for a big purchase amount, but it’s up to you to make sure that your future mortgage is an amount that you can handle due to unforeseen issues.

It’s important for any future home owner to watch their budget and ensure you can handle the electric, telephone, cable, water, gas, and etc. Also think about your resale amount for future sells as well.

Listing Your Home

Listing your home with tenants living in it isn’t easy. When you have your house for sale and there are tenants living there is harder to sale than the owner living there.

One reason it isn’t easy is because the tenant is required 24hr notice. Also the tenant may not care if the house sales or not. Another thing is you don’t know what the house will look like when it is shown.

Is the house clean, free of clutter what does the floor look like, the yard, the rooms, and the kitchen. Are there a lot of things that need to be repaired? If there are I guarantee the tenants will say what’s broken before they say what works. Sometimes the tenant may not want to show the property (as is the case when some owners live in the house).

In some cases you have tenants that will cooperate and do a very good job keeping the home clean and don’t mind showing the property which is excellent.

VA Offers and Contracts

This is my first time with VA taking 2 full weeks to agree on an offer.

OK, yes we under bid on the initial offer and went back and forth with VA about twice. Afterwards we said to VA this is our “Best and final offer”. So guess what happen after that. VA accepted everything. The second week it was back and forth with paperwork. The wife was on the offer and had to come off. I was missing one of the addendums. Next they added a new Lead base form and the house don’t require a lead base paint form.  Then it was the quality of ink that didn’t meet their percent rate. So I needed to track down my client to make it a little me convenience for them and hand carry the forms to the listing agent so that it didn’t take any longer than necessary.

 Killeenhomebuyer.com

4Plex Closed in Less Than 30 days

4Plex Closed in Less Than 30 days

Yeah, we closed the fourplex in less than 30 days. The fourplex was priced right so no problems with the appraisal. Lender worked the loan with an excited buyer. The seller worked all the repairs that were asked down to the very last day.

Everything may not have been easy as it seems but we worked everything out. One hiccup was the verbal on the amendment. Example: Buyers agent wrote one line: “Fix and repair everything circled on the inspection report.” So when it came to doing the walk thru the buyer’s agent asked, “Are you fixing the Arc Fault Circuit Interrupter (AFCI)? I told her it said, “Although new homes are required at the time home was built may not have been required, for safety reasons consider upgrading the electrical system to include AFCI.

My seller said, “Don’t you all start nick picking everything after option period is over.” So of course I read it again and again, and then I did one better and called the inspector. He said it isn’t required he just has to put it on the inspection report because that is his job to state new codes.  So between that and reading it is “Suggested” we didn’t change them out. Through my interpretation the inspector didn’t say fix and or repair. So that means that nothing was broken.

Yes it is the usage of words. Any variation with what is written may require more direct written language. I personally never like written on the amendment see attached and circle the inspection sheet.

Other than that all repairs were being fixed.

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