Old video but still helpful advice: What I Learned My First Year Of Real Estate

Real Estate

I watched my old video regarding tips I learned in my first year of real estate. I thought it was actually helpful and a little bit honest, cute but still raw and embarrassing!! Check it out here’s the link of what I posted on YouTube (watch before I delete it)

Click here to watch the video:

What I learned my first year in Real Estate

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Perfect Home Story for a Veteran!

Real Estate

My client & his wife have been together for 21 years, they are in their 50s. He has a Military back ground, served with the 101st Air Borne Division did tours in Korea, Germany, Panama, and several post State side. He attended Pace University in NY and worked for The City of NY. His wife works at the Hospital for the past 29 years. I love my Vet buyers!!

My buyer asked me to put in an offer house unseen (and this house had multiple offers). As a realtor I advocate for my clients to the full extent to get them the house they want. I wrote an introduction letter on behalf of my client and the sellers knew it was a perfect home match. Today my buyer and his family got the house and they are under contract set to close in less than 30 days! I am so happy for this deserving family!

Tips for Buying a House 

Real Estate

 Choosing a Realtor®

Of all the decisions you’ll face when buying a home, there’s none more important than the person you choose to represent you.

The job of your Sales Associate is to support you in finding the right home with the best possible terms and to aid you through the entire process. Your Sales Associate will explain the process of buying a home, and familiarize you with the various activities, documents and procedures that you will experience throughout the transaction.

Tips For Selecting A Realtor®

Your Real Estate Professional should be:

  • Knowledgeable about the communities of interest to you.
  • Aware of the complicated local and state requirements affecting your transaction.
  • Effective in multi-party, face-to-face negotiations.
  • Highly-trained, with access to programs for continued learning and additional certifications.
  • Technology-focused.
  • Supported by professional legal counsel.

Financing

Most real estate professionals and mortgage lenders recommend pre-qualifying for a loan before selecting a home to purchase. This process will help you:

  • Determine the price range you can afford.
  • Understand the types of loans you qualify for.
  • Determine what your monthly payment will be.
  • Estimate the down payment and closing costs.

The Loan Process

Your Sales Associate will help you to select a mortgage lender. Once you have made your decision, these are the steps of the process:

Application – All pertinent documentation is obtained. Fees and down payments are discussed, and the borrower will receive a Loan Estimate, itemizing the rates and associated costs for the loan.

You will be asked to provide certain documents to your lender in order that your loan can be processed in a timely manner.

Loan Submission – Once all the necessary documentation is in, your completed file is submitted to a lender for approval.

Loan Approval (Underwriting) – Loan approval, or underwriting, generally takes 24 to 72 hours. All parties are notified of the approval and any loan conditions that must be received before the loan can close.

Closing – Once all parties have signed the loan documents, they are returned to the lender. If all the forms have been properly executed, the lender sends the loan funds by wire transfer. At this point, the borrower finishes the loan process and actually buys the house.

Finding and Choosing the Right Home

Based on criteria that you and your Sales Associate establish together, your Associate will help you find the perfect home. There are many factors to consider in selecting a property, including location, bedroom and bath count, schools and amenities.

Your Sales Associate will apply their extensive community knowledge and professional resources to research available properties and show you the homes that best meet your needs. If you find a property that interests you through the Internet or your own research, let your Sales Associate know so that a showing can be arranged.

As you view different properties, your criteria may change. Open and direct communication with your Sales Associate is a key element of a successful property search.

Making an Offer

Once you have found the home that you wish to purchase, your Sales Associate will apply their professional training and do all the necessary research to help you structure an effective offer.

This is where your Sales Associate’s negotiation skills come into play. When an offer is made, the seller will have the option of accepting, rejecting or counter-offering. Your Sales Associate will negotiate the best possible terms for you.

Your Sales Associate will draft the purchase agreement, advising you of protective contingencies, customary practices, and local regulations. Home warranty, title, and escrow arrangements will be detailed in the offer. Although your Sales Associate will give you advice and information, it is your decision as to the exact price and terms that you wish to offer.

Managing the Escrow

When the purchase agreement is accepted and signed by all parties, your Sales Associate will open escrow for you and your earnest money will be deposited. The escrow is a neutral third party that will receive, hold, and distribute all funds associated with your transaction.

Removing Contingencies

Prior to closing escrow, all of the contingencies of the Purchase Agreement must be met. Your Sales Associate will coordinate this process. Typical contingencies include:

  • Approval of the preliminary title report.
  • Loan approval, including an appraisal of the property.
  • Physical inspections of the property.
  • Pest inspection and certification.
  • Acquisition of homeowner’s insurance.
  • Approval of the Seller’s Property Disclosure Statement.

Closing Escrow and Moving In!

When all of the conditions of the purchase agreement have been met, you will sign your loan documents and closing papers. You will deposit the balance of your down payment and closing costs to escrow, and your lender will deposit the balance of the purchase price. The deed will then be recorded at the County Recorder’s office and you will take ownership of your home.

Your Sales Associate is a valuable source of helpful tips for planning and coordinating your move. Contact me today:

Article Source: :http://www.wilkinsonera.com/pages/55585/real-estate-tips-for-buying.aspx

Charlotte ranks one of the best cities to own Investment property or buy a home

Real Estate

According to Business Insider, Charlotte ranks among the best place to buy an investment property or own a home. Check out how Charlotte measures up in the article linked below:

https://www.gobankingrates.com/investing/best-worst-cities-own-investment-property/23/

Buyers:  3 Easy Steps on How to Get Your Offer Accepted (Even in a Seller’s Market)

Real Estate

To all the buyers out there that have ever experienced the heartbreak of losing a home they loved to another offer, here are 3 top tips to never experience the loss of your dream home again.

1. Work with a Realtor Who Knows What Works

Of course, if you’re in Charlotte, NC the only step you need to get your offer accepted is to work with me, an expert Charlotte Realtor. I know how to get offers accepted. But if you’re not so lucky😀 you want to work with a Realtor that knows how to put your offer in the front of the sellers over any other offer on the table. There are several ways to do that it takes a Realtor that knows the market. It also takes a sixth sense in which a Realtor just knows what has to be done to win over your offer over the other offers the seller is considering. This careful footing requires a mix of experience and intuition.

2. Put Some Skin in the Game

If you are a buyer and you’re really set on a home, to the extent that you have already pictured your children growing up in the home, prom pictures and backyard weddings than in order to have a strong chance of getting your offer accepted over others it’s best to put some skin in the game. What do I mean by skin in the game? Offer Due Diligence and Earnest Money along with your offer. The due diligence fee is the amount paid by the buyer directly to the seller, which the seller keeps no matter what. If the deal closes, the buyer will have that amount credited back at closing. But either way, that amount up front is the seller’s to keep. earnest money is a deposit made to a seller showing the buyer’s  earnestness or good faith in a transaction. I typically see earnest money deposits ranging from 1%-3% of the purchase price. For example, On a $300,000 transaction, a buyer in the Charlotte market would typically make an earnest money deposit of $3,000-$9,000. The earnest money deposit is not set and is to be negotiated between the buyer and seller. If you want to catch the attention of the seller then it is suggested to offer both Due Diligence and earnest money.

3. Have Everything Ready to Go

Having a strong offer and having your offer ready to present to the sellers will put your offer to the front of the pile in a multiple offer situation. Having everything ready includes having your pre-qualified/ proof of funds letter from a qualified lender, a fully completed offer from your realtor, and copies of your due diligence and earnest money check. If the situation calls for a personal touch it would not hurt to tell the sellers in a letter why you love the house and send it in the offer packet.

There are some tricks I simply cannot post that get my offers accepted happily every time but for the typical buyer, you can’t go wrong if you follow the 3 tips above on how to get your offer accepted, even in a seller’s market. I wish you all to have the house of your dreams!

Uptown, beautiful condo for sale. Buyers contact me today! $634,900 3 bedrooms 3/1 baths

Real Estate

City View Terraces Phase 3 condo!

CVT 3 now features a rooftop HOT TUB! Phases 1 & 2 are sold out! In addition to the awesome upgrades included in phase 2 (rooftop kitchenette, pocket WINDOR 3-4′ glass panels that slide into the wall opening up the entire 12’X8′ doorway to balcony). Master BR features claw foot tub, large 5’X5′ walk-in shower, Juliet balcony & gas fire place! Our designer spends dozens of hours with buyers allowing them to customize their condo, picking out each light fixture, tile, paint, stain, etc. Call me today if interested in putting in an offer with me as your expert buyers agent call me :

Tina Whittaker

Cell: 704-657-3381 Realtor NC, SC Wilkinson ERA Real Estate

Email:Tinaewhittaker@gmail.com