Why Do Realtors Ask That?

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Have you ever gone to an open house? Or called a real estate agent because you were curious about a listing? Maybe you e-mailed an agent about a property he/she has listed?

Did you just want to check out the house?  Maybe you’re curious about amenities. Or, perhaps you’re really serious about buying a house. Doesn’t matter. All you’re doing is asking a question. That’s it. You just want an answer.

It must seem like one of the first questions we ask you is, “Do you have a house to sell?

I’m sure you wonder what difference it makes and I suppose it does seem a bit cart-before-the-horse.  It might even come across as pushy and forward, and beside the point.  (Well…that’s sort of characteristic of Realtors, right?)

You don’t even know if you like the house – and you aren’t even really thinking about selling your house, until and unless you find the house you want and actually have an offer accepted.

So, why is it asked?

Maybe you think it’s because we’re hoping you do have a house to sell, so we can list the home you own, sell you the one you’re asking about, and get two sales off you.  Or that we want you to list your home, and get it under contract, so that you have to move…(again, so we can get two sales off you).

Which makes you feel like we’re just looking to make as much money as possible, as quickly as possible, and all from you!  All of your fears and perceptions about real estate agents seem justified…but… Continue reading Why Do Realtors Ask That?

Zestimates? I’ll Give It My Bestimate.

What

The real estate agent lifestyle isn’t for everyone.  I love what I do, but some people would be horrified if they spent a day  driving, hopping in and out of the rain, shoes off at the front door, feet like raisins.  But there’s lots of variety, and very rarely are two days ever the same.

Of course, this doesn’t mean that being an agent doesn’t come with its share of irritations. It can be very stressful, and a lot can go wrong. Most agents have developed their own pet peeves over the years – things that drive them absolutely crazy. Here are some of the most common:

1. Close friends and family who hire someone else

They say things like, ‘I know you’re busy’, ‘I’m not certain what I’m looking for and didn’t want to waste your time’, ‘we’re looking in another county’, and then there’s the real stinger, ‘I completely forgot you sell real estate’.   Now, there could be a multitude of reasons for family and friends to go to another agent, but I can take the truth!  How about, ‘I don’t want you in my business’, ‘I work with his mother’, or just plain ‘I don’t want to work with you because fill in the blank here’.  I’m not everyone’s cup of tea.  That’s why there are so many Realtors.

People are unique and it’s important to feel comfortable with your agent of choice.  But it does sting a bit more when it’s a close friend or family member, especially if you’ve helped them with real estate advice in the past. You can’t take it personally, but that’s easier said than done. Continue reading Zestimates? I’ll Give It My Bestimate.

Credit Score Below 580?

Credit Scort

Low credit scores alone aren’t an automatic ‘no’ when you’re considering buying a home.  Lenders also consider these factors.

  • Large down payment (10% down or more)
  • Low debt-to-income ratio
  • High income
  • No outstanding debt
  • Large amount of cash reserves
  • Significant amount of time with current employer
  • Paying comparable rent payments (no payment shock)

For FHA (lender requirements vary)

FHA loan credit requirements Continue reading Credit Score Below 580?