Why use a Realtor to help you buy a New Construction Home?

Ok this blog post is somewhat similar to a post a few weeks back. 

 

A while back ago I was speaking with a prospective home buyer that was in the begging cycle of shopping for a new home. He and his wife had retired a few years back and they were thinking about downsizing. We discussed home styles and areas. Than all of a sudden he stopped responding to my phone calls and email. Weeks later he told me that he and his wife had just put a down payment on a New Construction Home and that “I don’t need a Realtor for that”.

 There are a lot of different reasons, to have a Realtor on your side when shopping for a New Construction Home. The main reason is that builders spend a lot of time soliciting Realtors, guess who pays the commission? The majority of the time the home Builder pays for all the sales commission to outside Real Estate Agents.

 

So why would you not like an advocate on your side for Free. Some one that can advise you on benefits and drawback of adding additional feature. When people shop for pre-existing home there are no shopping list of up-grades that can be added on. Without the advice of a seasoned professional on your side it can be tempting to add an additional up-grades that may bring little once you go to sell down the road. Things that looked like a really great idea on a hot June afternoon being pitched by a New Home Consultant may not sound that great in 10 years when you go to sell.

 

Why would you not like to have a professional on your side to help you navigate the process of buying a home, all this at no additional cost to you. Why would you not like to have a professional on your side to help you pick a new community and a consult you on if the additional $20,000.00 fee for the lot up-grade is a good idea.

 

Keep this in mind next time you open the Friday paper and spend a little more than usual viewing the New Home Section.        

www.FridayRe.com

1003Karl@Comcast..net

 



https://www.facebook.com/FridayRealtyRE

 

 

561-379-7881

 

Warning ! Is your Mortgage payments about to increase beyond what you can afford?

If you obtained a loan modification five or more years ago it may soon go back up to your pre-modification payment amount. Back in 2008 and 2009 when loan modification first started to gain traction as a viable alternative to short selling your property or simple letting your home go into foreclosure. Banks granted some short term and some long term loan modifications in order to allow homeowners to get back on their feet before making full payments . So what does this mean? It means not all mod’s are equal Some were for as little as one year others for as long as five years others are for the life of the loan. If you obtained a loan mod and are not 100% sure, I strongly suggest that you check your modification agreement ASAP.

Homeowners were happy when they initially obtained a loan mod thinking that by the time their payment went back up the economy would be back to normal. Well the unfortunate thing is that the economy still has not fully recovered, and not all home prices have gone back to being higher than the amount owed on the home.

Don’t worry, there are several solution, the cheapest is try to get a new loan modification, call the Bank and see what they say. You could refinance your mortgage, there are some loan programs that will  allow you to refinance your home even if you owe more than your home is worth. If all else fails, you can always sell your home or short sell if you owe more than the home is worth and the mortgage payments are still too high for you to afford.

Please do not hesitate to contact me if you are currently facing this problem or an increased mortgage payment is just around the corner. I have close to 20 years experience in Finance and Real Estate related fields, my knowledge may be able to assist you.

 

 

 

 

Karl R Schulz

Lic. Real Estate Broker BK 3238831

1003Karl@Comcast.net

561-379-7881

http://FridayRe.com