Using OpenDoor VS. Me

opendoor can cost you more

It’s funny how companies “bash” other companies, or in this case, Real Estate Agents, in hopes of getting your business. I’m not going to “bash” Open Door here in my blog. I’ll take the high road and let what happens happen. But before I go, let me just point out the screen shot I’ve attached above in this blog post. It is right from the Open Door website as of 6-11-2018. It’s not very clear what they’re trying to say, but it looks like they “charge” you more than I would to sell your house. My typical fee is 6% which is split evenly between the two licensed agents in the transaction. Being in this business, I can tell you that real estate agents work very hard for the 3%. It’s not just put a sign in the yard and the house sells. Listing agents have to analyze the condition of the house to come up with a listing price that will attract buyers. Sounds easy but do you “really know” what that entails? Many houses are not “New Construction” and many have problems that buyers don’t want. A great agent will take all the attributes of the house to compare against houses that have already sold to come up with a competitive price. Remember, if the purchase is financed, the bank will send an appraiser to the house during the contract period to let the bank know if the financed price is worth the bank giving you that much. That appraiser will create a more detailed report to present to the bank because that’s just how it is, but the appraiser does pretty much the same thing as your listing agent. Visit the house and see all the “issues” your listing agent saw and probably more, then compare all the “non issues” to comparable (houses with the same features) homes in the same geo location or within a certain radius where the taxation of properties is the same. Then subtract the dollar amount of what all the repairs that would have to be done from the average price of all comparables that have sold recently to get the “fair market value”.

The difference between a bank hired appraiser and myself, besides having different licenses, is I will use the highest sold price then deduct your homes repair costs and the appraiser will use the average of all sold homes. Remember who’s paying the appraiser, the bank after they take that charge from the buyer(s) during escrow. To him/her the bank is the client, not the seller and not even the buyer. When appraisers are hired, they always lean their findings in favor of whomever hired them.

I can go on and on about how this process works but you probably don’t have time for that. So I can conclude by saying, “Fiduciary”.

No money down and no private mortgage insurance

no money down with nasafcu

Is it raining money???
Yes! It’s possible to get a loan for the money you need to buy a house. You don’t even get charged that darn PMI when you don’t put down 20%. However, there are conditions…

Special loan programs offered to well-qualified applicants. Some restrictions may apply. Programs only available in the following designated areas: CO, CT, DC, DE, MA, MD, ME, MN, NC, NH, OR, PA, RI, TX (new purchases only), VA, VT, WA & WV. Speak with a NASA FCU First Mortgage Loan Specialist for loan details and rates.

Oh yah! This is a Federal Credit Union but you don’t have to be a member or even work for NASA. That’s awesome!

As for the “Some restrictions apply”, they are

  1. Must be a Single Family Home
  2. Credit Score of 720 or higher
  3. Home must be your primary residence
  4. You cannot have any other Real Estate linked to your name.
    • If you are financing a home already, you must sell that home at time of close on home being bought with NASAFCU

Get the $ you need, don’t pay a down payment, and don’t pay Private Mortgage Insurance. There’s nothing better when it comes to loans for real estate. There’s even programs for First Time Home Buyers. That’s right! The above text isn’t just for First Time Home Buyers, it’s for everyone that meets the restrictions! Those restrictions are very easy to meet. Can you tell how excited I am?

For more information, goto Visit NASAFCU

Then when you get your Pre-Approved letter, call, text or email me.

Do not pay for a lender to process your loan. Use this.

realtor approved loan company

Ever wonder why banks charge you thousands of dollars to give you a loan?

Is it the “I got want you want, so get down on your knees and beg for it” mentality? Forget that [S word].
Banks charge processing fees on loans because they can sell your loan to investors and the interest you pay on loan won’t go to the originating bank.
Especially if your credit score is low.

Even on a 15 year loan, the interest on a 200K loan can be enough to buy some awesome toys like that boat, RV or vacation that you’d rather spend your money on. We all know that interest is inevitable on most if not all loans but WHY pay for “loan processing”? You don’t care if your loan gets sold, right?

As a Keller Williams Real Estate Agent, I’m able to provide you with a solution that ELIMINATES loan processing fees. Don’t pay that [S word]!! It only makes the banks richer and your 30 year loan is more like a 31, 32 or even 33 year loan to recoup the cost of processing charges. That doesn’t sound nice, especially for people that may not out live that term. Most peoples’ goal is to have their house paid off to leave their children a little something to make their lives better and throwing money away on charges you can’t even write off is very much avoid-able with Keller Mortgage. This system I can offer also gives you $1K at the closing table to you.

Hmmm… No processing, underwriting or originating fees and you get $1000.00 closing credit?? Sound like a big win if you’re in the market to buy a house.

For more info on this offer, I’ll point you to “my guy” that will answer all your questions and burn up all your doubts. There’s no better feeling than knowing you got the best deal possible.

Download this APP to get started.

Comment below or call me now.

Listing your home for sale with a realtor

national association of realtors

When it comes time to sell your home or a home of a loved one that has passed, many people are very reluctant to take the action it requires to get the property title transferred to someone else’s name. It’s not a nice thing for most people to empty a house, clean a house, do repairs that potential buyers have asked for, keep the electricity on, keep the grass mowed and any other things that property owners pay others to do.
If you are someone that is happy to pay someone else to mow your lawn or clean your house, you’re probably someone that knows the value of hiring a Realtor. After all, you know that a full service realtor is bound by a Code of Ethics that prevents him/her from disclosing things you don’t want them to. Keeping in mind that a Realtor does not have to do anything immoral or illegal for anybody, you still value the service that someone provides where you are not the expert or even trained to do.
Everyone knows Realtors have to be licensed to participate in real estate transactions concerning real estate or even personal property that is not theirs. To get licensed, an individual must study for and pass 180 classroom hours by the following break down.

  • Principles of Real Estate I (30 classroom hours)
  • Principles of Real Estate II (30 classroom hours)
  • Law of Agency (30 classroom hours)
  • Law of Contracts (30 classroom hours)
  • Promulgated Contract Forms (30 classroom hours)
  • Real Estate Finance (30 classroom hours)

Many people don’t get everything in these modules in 30 hours each. More like “That plus half the time”, so maybe in 45 hours for each module. Take a look at some stats by Trec
If people know the person they just hired or selected to fix their car or even someone to train them a new skill, has the knowledge to provide that service, there isn’t any difference in hiring a realtor and you should be happy you did. After all, a mechanic will not have “your back” if something happens to your car, unless you give him more money.

Full Service Realtors Provide Service for sellers that don’t want to or are too busy to do so.
If you are a For Sale By Owner, you have to hold the open house, you have to get and submit all the paperwork to the title company. You have to negotiate the deal. And without strong knowledge of the industry, a FSBO can be getting a fair offer but chooses to decline it because the price is not what he/she wants. As a FSBO, do you know what the Comps are near your property? Contrary to what lots of people think, the Just Sold Price is not public data. Do FSBO have access the the county’s MLS? With lack of resources, how can anyone sell their house for maximum fair market value?