I just received an e-mail from him with keys in hand and beginning to move in. Thanking me for all I did. I asked him what I did, that brought him back to New Solutions? Not for that pat on my back but so I could do it again. He stated when we were on that initial phone conversation I offered to give him directions if needed to another property he was going to see. Even though he had already told me, my listing was not for him. He felt this was giving without the expectation of receiving and that I was the first Realtor who he had gotten that feeling from and this is why he called me to work for him.

I believe this is an example of New Solutions, If you have a need however big or small we can help you. Everyone has very unique needs these days. Some need help with a budget 1 year in advance, some have done all the work and found the home of their dreams and simply need help with writing an offer to the sellers. Some need physical help cleaning out the home and some need emotional understanding letting go of a home of 20 years.

New Solutions is hear to build a community that works together and cares. What we do is not about a paycheck. Lots of what we do, does not earn commission, it earns relationships and builds bright ideas that bring results.

Thanks to all who are a part of New Solutions.

Comments always greatly appreciated.

Thank you all for being a part of New Solutions.  

 I’m considering the cost of a charter bus from Frederick if I have enough interest.

No more mosquitoes !

Top 5 midrange renovations by return on investment

all negotiations are basically made between a Buyer and an employee of the bank/servicer (as opposed to an owner/seller).

Standard purchase and sale agreements are used as well as the banks’ own addendums and disclosures. Offers must be complete and filled out in accordance with the banks’ rules.

Most of the time the Bank is pricing near market and is expecting to transact the property close to the asking price. Your Realtor should verify the value before the offer. If the value has changed a solid argument can be made.

The Bank typically will not to make repairs so an “as-is” sale is best. Always have a home inspection done with a contigency of cancellation should the home need extensive repairs. A traditional mortgage will not lend on a home in poor condition.

The earnest money deposit will need to be in the form of a cashier’s check. Proof of funds for the down payment and loan approval for the balance will also need to accompany the offer.

Once a buyer’s broker has submitted all the appropriate paperwork in accordance with the bank’s rules you may receive an answer within hours or it may take up to a week. If the offer is a solid offer (close to asking, few contingencies) it may get accepted without a counter.

Short-Sales:

Legally the property is owned by a person or entity (LLC) and the house could be occupied by an owner or tenant or it could be vacant. However, the owner is in a negative equity situation (the sales price/value is less than the debt on the property) and needs lender approval to affect the sale.

A standard purchase and sale agreement is used along with an addendum acknowledging the fact that this is a short-sale transaction.

The listing price for the property may be well above market, well below market or at market. The seller might be pricing it low to encourage multiple offers, might have it high to try to recoup as much money as possible or it might be priced correctly. In most cases the lender has not approved a sale at the list price so a Buyer doesn’t know if his offer even at list price will be accepted. To help support an offer the buyers agent is encouraged to perform their own market analysis and make an offer close to that. Submission of the market analysis to the listing broker at the time of offer may also be beneficial.

An “as-is” sale is the best and most likely to be successful. The seller most likely doesn’t have the means to make repairs. Always have a home inspection done with a contigency of cancellation should the home need extensive repairs. A traditional mortgage will not lend on a home in poor condition.

A Buyer can typically provide a personal check for earnest money deposit. The Buyer should also supply proof of funds for down payment and pre-approval from the lender for any new loan to make your offer stronger.

Response and Timing: Initially this type of offer is handled like it would in a non-short-sale situation. The listing broker will present it to the seller but once they approve it, it will be forwarded on to the lender for their approval. At that point the listing broker has no control over the process and is in a wait and see mode like the Buyer. This approval process may take one week or it may take up to three months. One thing to keep in mind is that while all parties are waiting for an approval of the offer another department of the lender/bank is working on the foreclosure and may actually foreclose on the property with offers in for approval. If that happens, the deal is dead and the listing terminated as the former seller is no longer the owner of the property and does not have authority to sell. If that happens and the Buyer is still interested in purchasing the property work with your broker to follow-up on the property as it will come back to market with a different listing broker and usually a different listing price.

For Short-Sale Transactions: Have Patience; They take lots of time.

The formula is particularly affected by:
Whether you pay your bills on time.
How much of your available credit you’re using.
How long you’ve had credit.
How recently you’ve opened a new account.
The mix of credit you use.

Here’s what does not go into a score:
Your income or how much of it goes to pay debt.
Your net worth.
Your retirement account balances.
Your investment returns.
Your employment history or prospects.
Whether you live within your means.
Whether you pay your credit card bills in full each month or carry a balance.

Even if you spend just 10 seconds with each piece of junk mail, deciding whether to open it or toss it in the recycle bin, you will have wasted nearly 2 1/2 hours of time every year — not to mention the time, effort and grief it takes to haul that pile of paper to the curb or transfer station. (It’s no coincidence that paper makes up one-quarter of all landfill waste, or that the junk mail industry’s environmental footprint is large, equivalent to the tailpipe pollution from 9 million cars.)

You can reclaim the calm of a clean kitchen table, and 2 1/2 hours to reflect on your clutter-free ways, with a few keystrokes. Just register for the Mail Preference Service on the Direct Marketing Association website.

Stop the Junk mail

HAPPY FRIDAY