Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or [email protected]
Everyone is stressed out about finding a house then moving!!!! I have a client now that is just stressed out of her mind …… did I say one client – I meant all my clients. It does not matter how many times you tell people the process – no one likes it or wants it to be that way for them.
I have a written out list of what happens when and we still go thru this on every deal. What I want everyone to know is we must maintain a sense of, “it’s ok, it’s going to be ok, no one is going to die they just feel like it !”
There are so many articles and reports of the stress of finding a house in today’s market but what about the moving and closing and inspections part of it. That is stressful too! Once you have won the contract – now is the time to do those pesky inspections and then if you can, you negotiate out those inspections or maybe just sit there since you can’t ask for anything because you WON THE HOUSE!
So, after the inspections, we are in underwriting and ordering the appraisal part of the process. With all the appraisers busy today and backed up for a couple of weeks, this is a very stressful time if clients have waived the appraisal price and will have to come up with more once the appraisal is in. Money is always stressful – the lenders and agents and sellers always think that the money is plentiful but in reality, no one wants to pay more than they must. Everyone wants to spend money on a new home in the way that they want to, and it is never going to be on a lower appraisal value. So many days are going by with the appraisal being done but not turned in and again – we have stress.
Movers – then there are the movers and when everyone is supposed to be in and out of the house and scheduling the closing and all that is usually happening with different dates than they put in the offer. So again – we are negotiating time frames and walk throughs and then add another purchase of next house and then same things there – it just gets overwhelming!
What can we do to help this? We can slow down and pace of the conversations and put all text messages together so that everyone is not making 100 calls or random texts or getting the dates wrong but instead getting everyone the same information. There always will be many options to fix every problem but as clients age, move and change jobs this falls on us that do this every day.
Today, I finally got my client and the agent and the title company all on the phone so that everyone could listen to the same conversation. We had too many versions of the facts, so this was an easy solution. The lender usually dictates the dates on the papers but when we get the papers early then people’s timelines change, and options crop up stress going up again.
I continually tell both my mortgage and real estate clients – things will not go as planned – we need to have several back up plans so I try and think of everything. If you give them options and choices it is always better than just one way – we all know that are a 100 ways for things to go wrong – so when only 6 head that way – you look like a hero!
This article is an overview for a general educational purpose only. The information presented should not be relied upon without the advice of counsel.
Debbie Bloyd is a contributing author to Weekly Real Estate News. She can be contacted at 469-768-0337 or [email protected]